To provide funds to the project developer for the construction of 225 affordable and subsidized housing units in Kampung Islami project in Jakarta, Indonesia.
Kampung Islami (3)
- Projected Return
0 day(s) to go
PT ALP has been developing Kampung Islami Thoyibah (KIT) since early 2015. EthisCrowd’s 1st campaign was a closed private deal in June 2015, a small investment of S$40,000 for infrastructure.
PT ALP’s performance and concept impressed PT Ethis, which then became a development partner in the project. With the involvement of PT Ethis providing greater security, EthisCrowd successfully crowdfunded more than S$850,000 in this project. 39 EthisCrowd members invested over 3 campaigns – making it one of our best-supported projects ever.
The first campaign in July 2015 is already partially paid-out and the 2nd campaign is already being processed for upcoming payouts. EthisCrowd will be providing PT Ethis funding for the construction of 20 more houses, over a 4-month period. Each house costs S$7,087 to be constructed.
It is our belief that by giving these families the ability to own their own home instead of renting it, they will have a higher chance to break out of the poverty cycle.