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Green Access Services
Bamboo Housing Business Proposal
2
Agenda
Mission
Need for housing
Barriers to home ownership
Proposed solution
Business model
Bamboo housing technology
Strategy & target market
Potential results
Need for partnerships
Green Access founder
Status and next steps
3
Green Access’ mission is to make home ownership more affordable
through high quality and sustainable bamboo housing
Worldwide, nearly one billion people live in slums, and an additional
100 million are homeless1
Housing meets many fundamental human needs
Physical shelter
Improved health through sanitation
Security against violence, vandalism, and theft
Increased productivity given that many informal sector workers
use their homes as factories and/or warehouses for inventory
Sense of identity, confidence, and an increased ability to plan for
the future
Grameen Bank views housing as a basic human need and a critical
element of its members’ overall development
1 - Ashoka, Housing for All presentation, 2007
There is a dire need for well-designed, affordable housing in
Nigeria’s cities
Housing shortage is estimated to
affect 14 to 16 million Nigerians1
73 million Nigerians live in urban
areas (43% of the population)1
Almost 70% of urban dwellers live in
slum conditions1
15 million urban dwellers live below
the poverty line2
Low cost housing programs have
largely failed due to corruption, high
costs, and over reliance on subsidies
4
1 - UN-HABITAT, Country Program Document for Nigeria, 2008 – 2009
2 - USAID, Nigeria Urban Profile, 2000
5
Construction cost is one of several key barriers limiting home
ownership in developing countries
Mortgage markets serve only the
richest fraction of the population
Poor urban planning and
explosive population growth lead
to severe land scarcity
Climate and culture constrain
choice of building materials
Housing rights are often limited
or simply not enforced
6
Bamboo structures can be both low cost and very high quality,
presenting a unique opportunity to make housing more affordable
1 - International Network for Bamboo and Rattan, http://www.inbar.int/housing/introduction.htm
2 - DISCOVER, The Bamboo Solution, June 1996, http://discovermagazine.com/1996/jun/thebamboosolutio784
3 - Presentation by the Indian Plywood Industries Research & Training Institute
4 -
Automobile bridges with spans up to
150 feet have been built of bamboo by
Jorg Stamm in Colombia
Cost
Bamboo homes can be 20%
cheaper than comparable
social housing alternatives1
Viviendas del Hogar de Cristo
in Equador builds bamboo
houses for less than $4501
Quality
Twice the compression
strength of concrete2
Same tensile strength as steel2
Exposed, treated bamboo lasts
25 years3
Fire risk comparable to timber
and can be minimized using
plaster4
7
Green Access will offer high quality bamboo homes designed to
minimize cost, cater to local taste, and produce a healthy profit
54 square meters – small
footprint but large enough to
accommodate a typical family
2 bedrooms – provide extra space
(65% of Nigerian households
occupy a single room1)
Semidetached – reduces land
cost while providing private
space and minimizing shared
facilities
Plaster walls – present a normal
appearance and minimize fire risk
Simple, good quality finishing –
caters to an aspirational market
and provides a good foundation
for future improvements
1 - National Bureau of Statistics & World Bank, Poverty Profile for Nigeria, 2003-2004
Living/dining
3x5
kitchen
Rm 1
3x3
Rm 2
3x3
8
Green Access will build and sell bamboo homes in Nigeria, facilitate
ownership, build home additions, and provide training
Build and
sell
Build using bamboo and other affordable materials
Create bamboo panels and other components
offsite to increase quality and decrease costs
Sell to all comers, focusing on the private sector
Build
additions
Design homes to be easily expandable,
accommodating progressive construction
Build home additions
Train
Train home buyers who want to participate in
construction and offer training services to other
builders for a fee
Facilitate
ownership
Partner to extend affordable home loans,
particularly with private sector entities such as
corporate employers and financial institutions
Work to include a purchase option in rental
arrangements
9
Bamboo construction technology is straightforward and highly
flexible
Only basic carpentry, masonry tools and skills are necessary
Construction materials (including bamboo) are readily available
Components can be pre-made offsite and quickly assembled
10
Bamboo homes can look nearly identical to those built using typical
materials like concrete blocks
Smooth plastered and painted
walls
Solid concrete foundation
Any type of roof, windows, or
interior finishes
Any conceivable layout
Bamboo accents can be exposed
or easily covered up
Bamboo house built by the Indian Plywood
Industries Research and Training Institute
(IPIRTI) in Bangalore
11
Bamboo housing is very environmentally friendly
A bamboo forest can sequester
17 times more carbon than a
typical tree forest1
Production releases 42% less CO2
than concrete2
Production requires 9 times less
energy than concrete2
Bamboo is ready for construction
in 3 – 6 years3
70 hectares of bamboo can build
1000 houses per year, saving 300
hectares of timber4
1 - According to the Zero Emissions Research Institute (ZERI), http://www.zeri.org/
2 - Presentation by the Indian Plywood Industries Research & Training Institute
3 - DESIGNER/builder magazine, Bamboo Architecture and Construction with Oscar Hidalgo, September 1997
4 - According to the International Network for Bamboo and Rattan, http://www.inbar.int/housing/introduction.htm
12
Wide-scale adoption of bamboo housing in Nigeria requires a
sustainable business strategy
Short term
(3 – 4 years)
Prove the model
Demonstrate the technology
Offer appealing homes catering to local tastes
Minimize subsidies and demonstrate profit potential
Further reduce construction costs
Partner with corporate employers and financial
institutions in a Hybrid Value Chain (HVC) model to
make home ownership more affordable
Long term
(4 – 8 years)
Extend reach
Develop efficient bamboo production and
distribution to further reduce construction costs
Partner with the public and citizen sectors to reach
lower income groups
13
Targeting salaried urban dwellers before expanding to lower income
groups will build a foundation for sustainability
Short term
(3 – 4 years)
Target salaried employees in urban areas
Monthly income NGN 90 - 400k, about 1% of the
urban population (~140k households), young
professional and middle management, likely to own
a car and TV, often have Internet access*
High need for housing, very few own homes
Limited need for subsidies
Long term
(4 – 8 years)
Expand to regular wage earners
Monthly income NGN 45 - 90k, about 2% of the
urban population (~320k households), service
personnel and informal entrepreneurs, sometimes
own a car, mostly don’t have internet access*
Urgent need for housing, many live in slums
Probably require subsidies
* - Based on an income distribution with GINI index of .54 and mean monthly income of NGN X. Income distribution
based on the NBS National Living Standard Survey for Nigeria, 2004, with mean inflated by 12.9% annually.
14
International employers interested in local community development
offer an especially attractive private sector channel
Corporate
employers
Cost sensitive
Can make home loans available
Smaller perception gap
Can reach many potential buyers
May value social and
environmental benefits
Housing
cooperative
Can make home loans available
Can reach many potential buyers
Typically rent homes out
Risk averse
Fragmented
DisadvantagesAdvantages
Direct sales
Some buyers place a premium on
benefits of bamboo housing
Most lack access to home loans
Highly fragmented
Greater perception gap
Landlords
Cost sensitive
Some access to loans
Most Nigerians rent their homes
Generally do not build
May not pass savings to renter
Will not increase ownership
15
Green Access will partner with the private, public, and citizen
sectors in a Hybrid Value Chain to approach the base of the pyramid
Partnering with businesses will
enable home ownership by
salaried employees
Corporate employers
Financial institutions
Materials suppliers
Partnering with the citizen and
public sectors will enable home
ownership by less wealthy groups
Foundations
Not-for-profits
Government
Green Access will help partners
house employees, develop local
communities, and reach an
untapped market
Potential urban housing market
Accessible to the
private sector today
Accessible through
Green Access (with
no subsidies and no
down payments)
Accessible
with large
subsidies
.9%*
.4%*
98.7%*
* - Based on a minimum monthly income for home ownership in urban areas of NGN 200k and a corresponding
income distribution with GINI index of .54 and mean monthly income of NGN 14k. Income distribution based on
the NBS National Living Standard Survey for Nigeria, 2004, with mean inflated by 12.9% annually.
16
With no down payments but otherwise typical home loans, adding
affordable bamboo housing can nearly double the potential market
Typical cost (including land) = 1.44M NGN, bamboo cost = 1.23M NGN
Monthly payment based on a home loan with 0 down and 22% monthly interest over 7 years
Percent of population in target based on an urban household income distribution with GINI index of .54 and
mean monthly income of NGN 14k1; assumes 30 - 50% of income will be spent on mortgage payments
Households based on an urban population of 73 million and an average household of 4.79 people2,3
1 - Based on the NBS National Living Standard Survey for Nigeria, 2004, with mean inflated by 12.9% annually
2 - UN-HABITAT, Country Program Document for Nigeria, 2008 – 2009
3 - Food and Agriculture Organization, Living Standards Survey, Nigeria, 2003-2004
Pricing scenarios, 2
bedroom bungalow
Home Price
(NGN)
Margin
to seller
Savings
to buyer
Monthly
payment Lower Upper
% pop in
range Households
Typical price (100%
markup on typical cost)
2,880,000 134% 0% 67,467 135 225 0.37% 56,000
100% markup on bamboo
cost
2,460,000 100% 15% 57,628 115 192 0.46% 70,100
50% markup on typical
cost
2,160,000 76% 25% 50,600 101 169 0.55% 84,400
50% markup on bamboo
cost
1,845,000 50% 36% 43,221 86 144 0.69% 105,700
Income range
(thou. NGN / mo)
17
Green Access founded and led by Maxwell Marshall, Ashoka Fellow
with both architecture and business experience
Nigerian
Citizen
Business
Consultant
Architect
Ashoka
Fellow
Born and raised in Nigeria
Has lived in several regions including the north,
middle belt, and south
5 years business consulting
Program development (HR and public sector)
Business process
BSc and MSc in Architecture from the Federal
University of Technology, Minna, Níger State
Worked on affordable housing as an undergrad
1 year as a project architect
7 years construction and design consulting
Elected in 2007
Member of the invention-led development group
supported by the Lemelson Foundation
18
Green Access Services has come a long way…
Acquired property for a demo unit
1000 square meters in Abuja
Bamboo house construction workshop
Engaged Guruprasad Rane from the
Habitat Technology Group in India
Built all major structural elements
Trained 5 people, plus the founder!
Market research & product design
Analyzed data on the Nigerian
economy and housing market
Tailored house designs for the
urban Nigerian market
Engaged an MBA student from the
University of Chicago to assist with
market research
19
…and we’re just getting started!
Secure funding for demo unit
Build demo unit
Sell first home
Partner with financial institution(s)
Build first major development
Q1 Q2 Q3 Q4
2010
Q1 Q2 Q3 Q4
2011
Build demo unit

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Concept presentation v5 150814

  • 1. Green Access Services Bamboo Housing Business Proposal
  • 2. 2 Agenda Mission Need for housing Barriers to home ownership Proposed solution Business model Bamboo housing technology Strategy & target market Potential results Need for partnerships Green Access founder Status and next steps
  • 3. 3 Green Access’ mission is to make home ownership more affordable through high quality and sustainable bamboo housing Worldwide, nearly one billion people live in slums, and an additional 100 million are homeless1 Housing meets many fundamental human needs Physical shelter Improved health through sanitation Security against violence, vandalism, and theft Increased productivity given that many informal sector workers use their homes as factories and/or warehouses for inventory Sense of identity, confidence, and an increased ability to plan for the future Grameen Bank views housing as a basic human need and a critical element of its members’ overall development 1 - Ashoka, Housing for All presentation, 2007
  • 4. There is a dire need for well-designed, affordable housing in Nigeria’s cities Housing shortage is estimated to affect 14 to 16 million Nigerians1 73 million Nigerians live in urban areas (43% of the population)1 Almost 70% of urban dwellers live in slum conditions1 15 million urban dwellers live below the poverty line2 Low cost housing programs have largely failed due to corruption, high costs, and over reliance on subsidies 4 1 - UN-HABITAT, Country Program Document for Nigeria, 2008 – 2009 2 - USAID, Nigeria Urban Profile, 2000
  • 5. 5 Construction cost is one of several key barriers limiting home ownership in developing countries Mortgage markets serve only the richest fraction of the population Poor urban planning and explosive population growth lead to severe land scarcity Climate and culture constrain choice of building materials Housing rights are often limited or simply not enforced
  • 6. 6 Bamboo structures can be both low cost and very high quality, presenting a unique opportunity to make housing more affordable 1 - International Network for Bamboo and Rattan, http://www.inbar.int/housing/introduction.htm 2 - DISCOVER, The Bamboo Solution, June 1996, http://discovermagazine.com/1996/jun/thebamboosolutio784 3 - Presentation by the Indian Plywood Industries Research & Training Institute 4 - Automobile bridges with spans up to 150 feet have been built of bamboo by Jorg Stamm in Colombia Cost Bamboo homes can be 20% cheaper than comparable social housing alternatives1 Viviendas del Hogar de Cristo in Equador builds bamboo houses for less than $4501 Quality Twice the compression strength of concrete2 Same tensile strength as steel2 Exposed, treated bamboo lasts 25 years3 Fire risk comparable to timber and can be minimized using plaster4
  • 7. 7 Green Access will offer high quality bamboo homes designed to minimize cost, cater to local taste, and produce a healthy profit 54 square meters – small footprint but large enough to accommodate a typical family 2 bedrooms – provide extra space (65% of Nigerian households occupy a single room1) Semidetached – reduces land cost while providing private space and minimizing shared facilities Plaster walls – present a normal appearance and minimize fire risk Simple, good quality finishing – caters to an aspirational market and provides a good foundation for future improvements 1 - National Bureau of Statistics & World Bank, Poverty Profile for Nigeria, 2003-2004 Living/dining 3x5 kitchen Rm 1 3x3 Rm 2 3x3
  • 8. 8 Green Access will build and sell bamboo homes in Nigeria, facilitate ownership, build home additions, and provide training Build and sell Build using bamboo and other affordable materials Create bamboo panels and other components offsite to increase quality and decrease costs Sell to all comers, focusing on the private sector Build additions Design homes to be easily expandable, accommodating progressive construction Build home additions Train Train home buyers who want to participate in construction and offer training services to other builders for a fee Facilitate ownership Partner to extend affordable home loans, particularly with private sector entities such as corporate employers and financial institutions Work to include a purchase option in rental arrangements
  • 9. 9 Bamboo construction technology is straightforward and highly flexible Only basic carpentry, masonry tools and skills are necessary Construction materials (including bamboo) are readily available Components can be pre-made offsite and quickly assembled
  • 10. 10 Bamboo homes can look nearly identical to those built using typical materials like concrete blocks Smooth plastered and painted walls Solid concrete foundation Any type of roof, windows, or interior finishes Any conceivable layout Bamboo accents can be exposed or easily covered up Bamboo house built by the Indian Plywood Industries Research and Training Institute (IPIRTI) in Bangalore
  • 11. 11 Bamboo housing is very environmentally friendly A bamboo forest can sequester 17 times more carbon than a typical tree forest1 Production releases 42% less CO2 than concrete2 Production requires 9 times less energy than concrete2 Bamboo is ready for construction in 3 – 6 years3 70 hectares of bamboo can build 1000 houses per year, saving 300 hectares of timber4 1 - According to the Zero Emissions Research Institute (ZERI), http://www.zeri.org/ 2 - Presentation by the Indian Plywood Industries Research & Training Institute 3 - DESIGNER/builder magazine, Bamboo Architecture and Construction with Oscar Hidalgo, September 1997 4 - According to the International Network for Bamboo and Rattan, http://www.inbar.int/housing/introduction.htm
  • 12. 12 Wide-scale adoption of bamboo housing in Nigeria requires a sustainable business strategy Short term (3 – 4 years) Prove the model Demonstrate the technology Offer appealing homes catering to local tastes Minimize subsidies and demonstrate profit potential Further reduce construction costs Partner with corporate employers and financial institutions in a Hybrid Value Chain (HVC) model to make home ownership more affordable Long term (4 – 8 years) Extend reach Develop efficient bamboo production and distribution to further reduce construction costs Partner with the public and citizen sectors to reach lower income groups
  • 13. 13 Targeting salaried urban dwellers before expanding to lower income groups will build a foundation for sustainability Short term (3 – 4 years) Target salaried employees in urban areas Monthly income NGN 90 - 400k, about 1% of the urban population (~140k households), young professional and middle management, likely to own a car and TV, often have Internet access* High need for housing, very few own homes Limited need for subsidies Long term (4 – 8 years) Expand to regular wage earners Monthly income NGN 45 - 90k, about 2% of the urban population (~320k households), service personnel and informal entrepreneurs, sometimes own a car, mostly don’t have internet access* Urgent need for housing, many live in slums Probably require subsidies * - Based on an income distribution with GINI index of .54 and mean monthly income of NGN X. Income distribution based on the NBS National Living Standard Survey for Nigeria, 2004, with mean inflated by 12.9% annually.
  • 14. 14 International employers interested in local community development offer an especially attractive private sector channel Corporate employers Cost sensitive Can make home loans available Smaller perception gap Can reach many potential buyers May value social and environmental benefits Housing cooperative Can make home loans available Can reach many potential buyers Typically rent homes out Risk averse Fragmented DisadvantagesAdvantages Direct sales Some buyers place a premium on benefits of bamboo housing Most lack access to home loans Highly fragmented Greater perception gap Landlords Cost sensitive Some access to loans Most Nigerians rent their homes Generally do not build May not pass savings to renter Will not increase ownership
  • 15. 15 Green Access will partner with the private, public, and citizen sectors in a Hybrid Value Chain to approach the base of the pyramid Partnering with businesses will enable home ownership by salaried employees Corporate employers Financial institutions Materials suppliers Partnering with the citizen and public sectors will enable home ownership by less wealthy groups Foundations Not-for-profits Government Green Access will help partners house employees, develop local communities, and reach an untapped market Potential urban housing market Accessible to the private sector today Accessible through Green Access (with no subsidies and no down payments) Accessible with large subsidies .9%* .4%* 98.7%* * - Based on a minimum monthly income for home ownership in urban areas of NGN 200k and a corresponding income distribution with GINI index of .54 and mean monthly income of NGN 14k. Income distribution based on the NBS National Living Standard Survey for Nigeria, 2004, with mean inflated by 12.9% annually.
  • 16. 16 With no down payments but otherwise typical home loans, adding affordable bamboo housing can nearly double the potential market Typical cost (including land) = 1.44M NGN, bamboo cost = 1.23M NGN Monthly payment based on a home loan with 0 down and 22% monthly interest over 7 years Percent of population in target based on an urban household income distribution with GINI index of .54 and mean monthly income of NGN 14k1; assumes 30 - 50% of income will be spent on mortgage payments Households based on an urban population of 73 million and an average household of 4.79 people2,3 1 - Based on the NBS National Living Standard Survey for Nigeria, 2004, with mean inflated by 12.9% annually 2 - UN-HABITAT, Country Program Document for Nigeria, 2008 – 2009 3 - Food and Agriculture Organization, Living Standards Survey, Nigeria, 2003-2004 Pricing scenarios, 2 bedroom bungalow Home Price (NGN) Margin to seller Savings to buyer Monthly payment Lower Upper % pop in range Households Typical price (100% markup on typical cost) 2,880,000 134% 0% 67,467 135 225 0.37% 56,000 100% markup on bamboo cost 2,460,000 100% 15% 57,628 115 192 0.46% 70,100 50% markup on typical cost 2,160,000 76% 25% 50,600 101 169 0.55% 84,400 50% markup on bamboo cost 1,845,000 50% 36% 43,221 86 144 0.69% 105,700 Income range (thou. NGN / mo)
  • 17. 17 Green Access founded and led by Maxwell Marshall, Ashoka Fellow with both architecture and business experience Nigerian Citizen Business Consultant Architect Ashoka Fellow Born and raised in Nigeria Has lived in several regions including the north, middle belt, and south 5 years business consulting Program development (HR and public sector) Business process BSc and MSc in Architecture from the Federal University of Technology, Minna, Níger State Worked on affordable housing as an undergrad 1 year as a project architect 7 years construction and design consulting Elected in 2007 Member of the invention-led development group supported by the Lemelson Foundation
  • 18. 18 Green Access Services has come a long way… Acquired property for a demo unit 1000 square meters in Abuja Bamboo house construction workshop Engaged Guruprasad Rane from the Habitat Technology Group in India Built all major structural elements Trained 5 people, plus the founder! Market research & product design Analyzed data on the Nigerian economy and housing market Tailored house designs for the urban Nigerian market Engaged an MBA student from the University of Chicago to assist with market research
  • 19. 19 …and we’re just getting started! Secure funding for demo unit Build demo unit Sell first home Partner with financial institution(s) Build first major development Q1 Q2 Q3 Q4 2010 Q1 Q2 Q3 Q4 2011 Build demo unit