Background
Mixta Africa, a leading real estate developer, is committed to addressing the housing gap in Africa through innovative financing solutions. Following the success of Mixtaflex, which delivered over 350 homes through federal government mortgages, Mixta Africa launched Duo in September 2022. This revolutionary rent-to-own scheme has already sold out two cycles, showcasing its potential to transform the affordable housing market.
The Vision
DUO aims to become Africa’s foremost privatized rent-to-own scheme, offering a flexible and affordable payment plan to help more people achieve homeownership. By targeting the affordable market segment, Duo seeks to make the dream of owning a home a reality for many.
How It Works
The Duo process is simple:
- Make a low equity payment (minimum 5% of the property entry fee).
- Pay annual fixed rents for a maximum of 3 years.
- Pay the balance through one of three options:
- Outright payment at the end of the rental period.
- Installments throughout the rental period.
- Via mortgages.
Advantages
Duo offers several key benefits:
- Low entry points for property acquisition.
- The ability to live in the home while making payments.
- Reduction of the outstanding balance with every payment.
Breaking Down Barriers
DUO is designed to make home financing easier, allowing individuals to transition from renting to owning without the burden of high upfront costs. By enabling residents to live in their homes while paying towards ownership, DUO bridges the gap between renting and owning.
Conclusion
Mixta Africa’s Duo rent-to-own scheme is a game-changer in the affordable housing market. With its innovative payment plan and flexible options, Duo is increasing access to homeownership and helping to bridge the housing gap in Africa. As Duo continues to gain traction, it is clear that the vision behind this revolutionary scheme is becoming a reality, one home at a time.
Contact Us
Interested in learning more about Duo? Reach out to us at:
- Email: duo@mixtafrica.com
- Phone: +234 817 540 1787 or +234 817 540 1788
Written by:
Gboyinde Sodipo
Product Manager, Duo
