Funding

Funding Details

how we are funded

Madulammoho works on a system of economic cost recovery wherein rentals are geared to cover the costs of any capital repayments on the redevelopment of the project, as well as all administrative and managerial costs.

For the fourth year running, Madulammoho's primary income has come from our rentals and the company is no longer dependent on operational funding for our financial sustainability.

Financial Details

how we do business

Though our housing portfolio continues to grow at a significant rate, to best serve our target market Madulammoho strives to maintain low staff components while keeping our overhead costs at a minimum and our services in-house.

To maintain financial sustainability, we also endeavor to maintain a high rental collection rate and keep vacancies and bad debt as low as possible. As of 2010, our vacancy rate sits at zero per cent with a rental collection rate of 92 per cent and a bad debt ratio of just 0.6 per cent.