September 2010, Chile
The earthquake in Chile in February 2010 killed nearly 500 people and left thousands of families homeless. In the spring of 2010, Deutsche Bank quickly responded to the disaster by partnering with a nonprofit organization, Fundación CasaBásica, to build homes for displaced victims. The organization targets the country’s poorest households and aims to provide a higher standard of living for families through the construction of homes. Through generous donations and volunteer support from Deutsche Bank employees, CasaBásica was able to meet an ambitious goal to build 380 new homes in four months – the last home was finished in September.
The Bank’s efforts were driven by Alvaro Alliende, a corporate finance analyst in Deutsche Bank’s Santiago office who also serves as CasaBásica’s CEO. The new homes were built in Pencahue, a town about 170 miles south of Chile’s capital, which lost more than 1,000 homes in the disaster. Houses range from two to four bedrooms in size, and all feature a spacious common area. Bank employees teamed up with local residents and other CasaBásica volunteers to build the homes. “We are grateful Deutsche Bank had the opportunity play a key role in the earthquake relief efforts.
Our employees and other volunteers worked as a team to help rebuild one of the hardest hit communities,” said Jose Miguel Alcalde, Deutsche Bank’s chief of country officer for Chile
Deutsche Bank employees teamed with local residents and other CasaBásica volunteers to build 380 homes in the devastated town of Pencahue, Chile.