Lafarge Zambia and Pan African Building Society (PABS) work towards reducing the current home defict in Zambia

15.06.2015
 

Lafarge Zambia and the Pan African Building Society (PABS) have signed a Memorandum of Understanding (MoU) aimed at delivering mortgage based credit facilities to individuals in middle to lower income brackets in Zambia.

Speaking at the MoU signing ceremony held today at Lafarge Zambia Head Off ice (HO) at Chilanga, Lafarge Zambia Chief Financial Officer Mrs Chrissie Moloseni said the partnership would tap into the PABS home construction products, its number of active borrowers and its competitive lending rates. These benefits would lead to stronger finance objectives, adaptable and diverse products and a stronger presence across Zambia.

Mrs Moloseni further said, the benefits for the customer are endless as they have automatic access to technical assistance that is not currently accessible.

“ Our customers will also cost save as better financial and project planning would be available through our technical team who will ensure that the houses are more compact, more durable, and more beautiful” She said.

speaking at the same ceremony, the PABS Chief Executive Officer, Mr Mkuzo Kuwani said the cost of building in Zambia was high and the partnership with Lafarge would help clients reduce the cost.

“Right now people are able to borrow money and start building on their own thinking they are saving and without realizing how much they are losing in terms of time and materials which is not quantified by building experts,” said Mr Kuwani.

And Lafarge Zambia Marketing Director Kaziwe Kaulule said that partnering with micro-finance organizations was one of Lafarge’s Initiatives under the Affordable housing programme to help reduce the home deficit in Zambia.

Notes to the Editor:

About Lafarge

 

A world leader in building materials, Lafarge employs 63,000 people in 61 countries, and posted sales of €12.8 billion in 2014. As a top-ranking player in its Cement, Aggregates and Concrete businesses, it contributes to the construction of cities around the world, through its innovative solutions providing them with more housing and making them more compact, more durable, more beautiful, and better connected. With the world’s leading building materials research facility, Lafarge places innovation at the heart of its priorities in order to contribute to more sustainable construction and to better serve architectural creativity. More information is available on Lafarge's website: www.lafarge.com

About Lafarge Zambia

 

Lafarge Zambia is the main supplier of building materials and constructions solution provider in Zambia. Established in 1949 as Chilanga Cement, it was acquired in May 2001 by the Lafarge Group. With over 1000 employees and contractors Lafarge Zambia has a production capacity of 1, 300,000 tonnes cement per annum, which enables the Company to cater for the ever-growing demands of the Zambian and regional markets. Its product range includes Mphamvu, which is a flagship brand and has established strong presence in both domestic and regional markets, Powerplus, used in heavy construction projects, SupaSet, for block makers and concrete product manufacturers, Roadcem, for soil stabilization in road construction as well as Wallcrete for wall plastering. Innovation and customer satisfaction are at the core of the company’s performance. www.lafarge.co.zm Contact the Communications and Sustainable Depart:

+260211 367 400, +260211 367 600

eugene.chungu@lafarge.com

gift.danga@lafarge.com

sarah.banda@lafarge.com