Involvements
Bitprop
Bitprop combines entrepreneurship, financial and social innovation to develop affordable, high-quality sustainable housing in South Africa's townships. Bitprop partners with township homeowners to develop four or six rental flats on their property. The homeowner leases Bitprop their land, and Bitprop provides its expertise and support to enable construction in three months. The rent generated by these rental flats is distributed from the first month, with the homeowner
receiving 15 percent of the gross monthly rental collected during the 10-year partnership. After 10 years, Bitprop steps out of the picture and 100 percent of the rental income goes to the homeowner. The homeowner always retains full ownership of the property and the flats. During the partnership period, Bitprop uses its share of the rental income to recoup invested capital and provide a market-related return to investors, creating a sustainable investment model.