Lhoopa is at the forefront of addressing the affordable housing backlog in the Philippines by building homes on a large scale. The company uses a unique blend of technology and processes to orchestrate decentralised operations, all without requiring Lhoopa’s on-ground presence.
Problem
- Growing housing shortage: By 2030, the Philippines will face a shortfall of 7 million homes for 27 million Filipinos, or 21% of the population.
- Global issue: This problem is also significant worldwide, with Nigeria, Indonesia, and Pakistan each facing backlogs of 20 million, 11 million, and 10 million homes, respectively.
- Developer disincentive: The challenge isn’t affordability of homes since governments offer loans. Instead, traditional developers tend to avoid developing affordable housing due its low profit margins.
Solution
- Decentralised approach: Lhoopa builds, renovates, and sells affordable housing through the orchestration of local stakeholders in each area, eliminating the need for physical visits from Lhoopa.
- Advanced solution: They built custom software with AI that monitors and analyses 9,000 areas for undervalued assets, while managing all stakeholder tasks, transactions, and documents efficiently.
- Scalable and cost-efficient operations: By leveraging local networks instead of in-house staff, Lhoopa can scale rapidly across thousands of locations, while keeping overhead costs low. The company now has a network of 4,000+ sellers and 100+ contractors.
Media Links
Type
Consumer Goods & Services
Focus Area
Enterprise and Sustainability
Capital Raised (US$)
21M to 50M
Operational HQ
Philippines
SECTOR
Big Data & Analytics
status
Current
founders
Sabrina Tan, Marco Caillot
partnered
2022
exited
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