Quissala 2

  • Status: Construction
  • People Housed: 96
  • Country: Angola
  • City: Huambo
  • Partner: HabiTerra
  • Year Approved: 2014
Total Invested
USD 1,163,250
Average Sales Price
USD 10,390
Total Invested
$1,163,250
Average Sales Price
$9,597
Delivery of Homes
Total Expected
Completed
Basic
75
35
Project Overview

Located across the road from the main market in Huambo, this project is the second phase of development on a site owned by Reall’s partner DWA, and implemented by its subsidiary HabiTerra. The city Huambo is the second largest in Angola and suffered a huge amount of destruction during the civil war that ended in 2002. In addition, the majority of building materials have to be imported into Angola, which greatly increases costs. To mitigate this, DWA has sought produce their own building materials and components for their projects.

The majority of homeowners are either self-employed or work as agricultural labourers in the surrounding areas of Huambo. Prior to Quissala 2 they rented in informal housing areas that see significant overcrowding and have a high risk of eviction. Operating on a rent to own model, residents initially pay rent until they have built up enough of a track record to be assessed for a loan by Kixi Credito, DWA’s microfinance lending organisation. The money for the rent is then saved up and used as a deposit on the house purchase.

35
Homes Completed
26 Homes Sold
17
Homes Occupied
35
Connected to Water and Sanitation
2
Nearest Employment Area
4.9
Nearest Health Centre
3.1
Nearest Primary School
0.002
Nearest Bus Stop
0.1
Nearest Market
3.6
Nearest Secondary School

Client Data

Displayed In USD $
Client Monthly Household Incomes

Clients estimated to sit between 61st and 70th percentiles of incomes in Huambo

Mean
731 USD
731 USD
40th percentile at year of occupancy USD 460
40th percentile at year of occupancy $4
Household Demographic Data
Household Size
5.66
Proportion Female
52.9
Proportion Children
41.2
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
1 bedroom, 32.5m^2, house and plot Basic 62 1 32.5 9494 92.28 72
2 bedroom, 41m^2, house and plot Basic 34 34 41 12025 138.42 72

Project Finances

Displayed In USD $

Investments — Reall to Affordable Housing Partners

Total Project Investments
USD 1,163,250
$ 1,163,250
Grants
USD 1,163,250
$ 1,163,250

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
USD 17,319
$ 17,319
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
USD 6,819
$ 6,819

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Data last updated on 10/03/2021