Pelow: An Online Platform For Affordable Housing In Nigeria
- July 16, 2021
According to Maslow’s hierarchy of needs theory, shelter is one of the basic needs of man. This comes closely after…Read More
We can start with housing, the sturdiest of footholds for economic mobility. A national affordable housing program would be an anti-poverty effort, human capital investment, community improvement plan, and public health initiative all rolled into one.Matthew Desmond
Everyone needs houses, but not everyone can afford to live in the kind of places they want. Moreover, the living condition in Nigeria is depressing. A tour around rural, rural-urban communities and even some streets in a big city like Lagos will give you an idea of the kind of living conditions people have to put up with.
Whether it’s to fulfil a residential or commercial estate need, people need finance to achieve their goals.
What happens when they cannot meet the financial criteria for all these?
Before we go into that, let’s meet a few characters that will further buttress these situations.
Mr. A: Owns a big supermarket, worth over 20 million in stock (With some goods still in credit). Sadly, a fire broke out and unfortunately, the fire department didn’t arrive in time. (Typical Nigerian scenario). Thus, he suffered severe damage to his goods and building.
These kinds of stories aren’t new in Nigeria. The recent famous ones are the Onitsha fire outbreak in 2019 and Balogun Market in Lagos, Nigeria. These people continue to suffer from this as their business buildings were destroyed.
How do they raise their funds to have their housing or properties back?
Several incidents like this have destroyed family homes, and people are forced to settle for poor housing until they can stand on their feet again.
But how long will it take till they can stand on their feet? They need a quick, easy and reliable solution.
A possible solution comes to mind, allow me to speak your thoughts: Loans!
The quickest way to solve this issue is to get loans. But this never takes away the pain as these affected individuals may struggle or, as the norm in Nigeria, do some “hustling” here and there to pay up the loan capital. There is more sad news: They still have to pay enormous interest! This could linger for months or years.
This isn’t always the best solution; luckily, Pelow comes in here!
Pelow understands the indispensable need for housing. To achieve this goal, Pelow adopts the “Esusu/Ajo community funding approach to establish a “GoFundMe” for the real estate market in Nigeria. Pelow offers an online platform to raise donations for buying a house, renting a house, or other housing needs. On Pelow, Mr A can simply create his housing campaign and get the general community to donate.
Mr B and his friends want to erect a hall in their town or school in their environment. They need a reliable, quick, and efficient platform to make contributions to achieve this goal: Pelow is the answer to this.
On Pelow, Mr B and his friends can start a campaign and make their donations.
Pelow caters to all housing needs through the fundraising system.
Local & Foreign Investors looking to help make housing affordable and accessible can also raise donations for housing on Pelow.
Pelow is the best online platform for getting financial support for housing.
Quite simple! People looking for financial support for their real estate needs will create a donation campaign on Pelow. Once this is done, the general community will donate.
The money raised will be received after the campaign ends.