Hypoport AG

EANS-News: Christmas gift: Hypoport to donate new homes

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Company Information

Berlin, (euro adhoc) - 9 December 2009: Instead of Christmas gifts to its clients  and  staff, Hypoport has decided to support the poorest of the poor this year. The Group  is collaborating with the German Development Aid Agency for Social Residential  and Settlement Projects  (Deutsche  Entwicklungshilfe  für  soziales  Wohnungs-  und Siedlungswesen e. V. (DESWOS)) to support a residential project in Tanzania.  In addition to homes for single mothers, a centre is also being built  where  loans can be arranged more easily, both now and in the future.

Financial  services  provider  Hypoport  has  launched  an  extensive Christmas campaign to support a  community  residential  project  for single  mothers  in Tanzania. Instead of its usual Christmas gifts to clients and staff,  the  Group is making a donation where help really is  needed.  The  programme  launched  by DESWOS and its project partner in Tanzania builds on the two pillars  of  "home" and "financing" to secure the safety and sustainable independence of   people  in need.

Following  two  successful  pilot  projects,    a    further    three     residential settlements comprising 72 homes are being built in the small town of Arusha,  in the northeast of Tanzania. These homes consist of three rooms, with an  outlying toilet and bathroom. So illnesses caused by a lack of hygiene can be  prevented. In addition, each house will be connected to a drinking  water  and  electricity supply. Community centres are also being built in the  three   settlements.  When they are finished, they will provide a venue for meetings focusing on  financing issues. In order to become independent, the residents require start-up  capital. Normal loans are, however, usually not an option that is  open  to  them,  since they cannot provide collateral. They are  therefore  going  to  join forces  to create so-called savings  and  loan  groups,  in  line   with  the  principle  of microfinance. This valuable self-help tool will enable them not  just  to  start their own business, but also to pay off their houses.  The  repayments  will  be channelled into a solidarity fund and the resulting  cash  flow  used  to  grant loans to destitute people, thus enabling further single parents  to  be   housed.

Hypoport group is extremely familiar with both pillars - "home" and   "financing" - within Europe. Dr. Klein &  Co.  AG,  its  wholly   owned  subsidiary,  started business back  in  1954  by  providing   advice  and  financing  for  the  German residential real estate market. To this day, Dr. Klein leads the market in  this segment. In addition, EUROPACE, Hypoport´s independent  web-based  platform  for financing transactions between banks and agents, is the largest of its  kind  in Europe. According to Hans Peter Trampe, member of the Management  Board  of  Dr. Klein & Co. AG: "We consciously selected the DESWOS project as the recipient  of our donation. Tanzania is not only one of the poorest countries  in  Africa,  it is also one of the most politically stable. So  not  only  is  help  desperately needed; it actually has a real chance of making a difference, as well. Added to which, we know DESWOS and Mr Wilkens  personally.  The  serious   nature  of  the project is demonstrated, not just by himself, but also by the fact  that  Ulrich Wickert is the patron. And last but not least:  The  issues  addressed  by  this project in Africa are the same  issues  that  helped  us  to  be  successful  in Europe, but on a different level. We can and want to  be  identified  with   it", according to Trampe.

About DESWOS DESWOS is a  private,  non-profit  association.  It  is supported  by  the  GdW associations and their members. DESWOS aims to combat the  shortage  of  housing and the poverty in less developed countries  by  providing  assistance  so  that poor   families  can  help  themselves  by  building  homes  and  securing   their financial futures. The members of DESWOS  comprise  more  than 660  residential real estate companies that are members of the GdW Federal Association of  German Residential and Property Companies (GdW Bundesverband  deutscher  Wohnungs-  und Immobilienunternehmen), together with more  than  170  private  individuals  who operate in the residential real estate market.

Contact Werner Wilkens Managing Director of DESWOS Deutsche Entwicklungshilfe für soziales Wohnungs- und Siedlungswesen e.V.

Innere Kanalstr. 69 50823 Cologne Tel. : 0221  57  989 60 Mobile: 0172 215  83 06 Fax:  0221 57 989 99 E-mail: werner.wilkens@deswos.de www.deswos.de

About Hypoport AG Hypoport Group is an internet-based all-round financial services provider  based in Berlin. The Group employs some 450 people. The company  has  been  listed  in the Prime Standard on Deutsche Börse since the end of 2007. Its  business  model consists of  two  reciprocally  beneficial  pillars  -  the  sale  of   financial products (Dr. Klein & Co. AG) and the provision of a   platform  for  transacting financial products via the internet. Hypoport operates the EUROPACE B2B financial marketplace, which is   the  largest German online platform for transacting financing products.  A  fully  integrated system links more than 30 banks with several thousand financial  advisors,  thus enabling the quick and direct agreement  of  contracts.  The  platform's  highly automated processes generate  considerable  cost  benefits.  Nowadays,   EUROPACE processes some 400 financing transactions every day. Hypoport AG  publishes  the monthly house price index (HPX) based on real transaction data.    A list of  the banks  and  service   providers  that  use  the  platform    can    be    found    at http://www.hypoport.de/partner.html. The Annual Report  2008  is   available  for download at http://www.hypoport.de/publikationen.html.

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ots Originaltext: Hypoport AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Michaela Reimann
Group Communications Manager
Tel.: +49 (0) 30 / 4 20 86 1936
E-Mail: michaela.reimann@hypoport.de

Branche: Financial & Business Services
ISIN:      DE0005493365
WKN:        549336
Börsen:  Frankfurt / regulated dealing/prime standard

Weitere Meldungen: Hypoport AG

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