A part of your fee goes into a seed fund dedicated to providing members of the association access to interest free loans to make physical improvements, repairs and renovations to their homes. These improvements are designed to provide both added comfort for the family, as well as to meet the designated standards required by the association itself.
It also provides to the families an emergency fund to draw on in the event of a natural disaster, such as typhoon Yolanda which damaged/destroyed 95% of all structures on the island in 2013.
Since the start of the program in 2015, 19 different loans have been granted, for a total value of 130,000 PHP. Each individual loan has ranged in quantity from 3,000 to 10,000 PHP. Overall, these loans have been used to repair damaged roofs and walls, set up mosquito screens on windows, build running water systems, install tile floors, and upgrade bedrooms and bathrooms.
The pictures below show the direct effect the seed fund has on the families’ homes.