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Impoverished communities around the world suffer from many problems.  One of the most visible is the lack of decent housing.  The United Nations estimates that 1.2 billion people currently live without decent housing and this will increase to 2.4 billion by 2030.  The situation is critical in urban areas, where poorly built houses dramatically increase the risk of death by fire, flooding and disease. 

Impoverished communities also suffer from a lack of employment, particularly among the youth.  Young people make up a disproportionally large percentage of the unemployed and they can easily become victims of social exclusion, long-term underemployment and persistent poverty. 

We believe that a solution to these problems is the Peabud Development Model, which is a plan to build communities of approximately 2000 houses where 10 000 people can live. The houses are high-quality, low-cost units that can be insured, allowing owners to obtain mortgages from banks. Roads, utilities, landscaping and communal buildings are built and amortized through these mortgages.  The communal buildings provided space for schools, public services, restaurants and shops, thus creating cultural and economic activities as well as a decent built environment.  This is a holistic approach to development.
A Peabud Project begins by creating a Public-Private Partnership (PPP) with local governments, community organizations and businesses.  The PPP establishes the project goals and implementation strategy, secures the initial capital investment and obtains land and development rights.  The PPP also monitors the project through completion to ensure goals are met and transparency is maintained.

The planning and implementation of the project are managed directly by Peabud. Our core expertise is in construction and industrial project management and our team has many years of experience in large international project.  We provide professional quality management and technical support while our local partners ensure compliance with local laws and manage daily operations.

We refer to planning and implementation activities as Building Urban Developments (BUD).

To implement a project, we provide local enterprises with the resources to increase housing production through industrialization. This means we build local factories that produce standardized construction components and train our partners to manage both the factories and a just-on-time logistics service. As much as possible, local materials are used to supply the factories. We also cooperate with local construction companies to teach workers basic construction skills. Each person learns a specific task, which they repeat daily during construction. In this way, houses are built quickly and costs minimized.

The industrial facilities and construction equipment are turned over to our local partners dept-free once the project is complete. Because local people are trained to use these resources, they continue to operate, providing long-term employment and additional housing.

Our work with local enterprises is called Partnership Enterprise Assistance (PEA).

Each project creates 500-700 local jobs for the duration of the work. The job positions are targeted toward young, unskilled workers who can benefit from on-the-job training. Furthermore, hundreds of additional jobs are created to service the community, such as teachers, healthcare works and maintenance workers.

The Peabud Development Model is ambitious but given the enormity of the housing and employment crisis, we believe it gives impoverished people a really opportunity to improve their lives and develop sustainable communities.

 PEABUD RY | c/o Risto Pönniö, Perttiläntie 31, 04420 JÄRVENPÄÄ, Finland | Tel. +358 40 835 4550