How the Calgro M3 group is targeting South Africa's least well-off people

Calgro M3 is a group specialising in building affordable housing in South Africa. It is also the country’s first private developer to design and build “integrated real estate projects” comprising residential units in all price ranges within the “low-income” sector, as well as integrated social amenities (including public gardens, crèches, schools and shops).

In 2017, Proparco granted Calgro M3 Developments a local currency loan equivalent to €25 million, which subsequently enabled the construction of almost 3,000 units of affordable housing benefiting nearly 6,000 people.