Quissala

  • Status: Complete
  • People Housed: 333
  • Country: Angola
  • City: Huambo
  • Partner: HabiTerra
  • Year Approved: 2013
Total Invested
USD 1,271,192
Average Sales Price
USD 11,111
Total Invested
$1,271,192
Average Sales Price
$9,827
Delivery of Homes
Total Expected
Completed
Basic
120
120
Plot
2
2
Project Overview

Located across the road from the main market in Huambo, this project is the first phase of the overall development of a site owned by Development Workshop Angola (DWA). The city is the third largest within the country and suffered a large amount of destruction and damage during the civil war that ended in 2002.

The project is implemented by DWA subsidiaries, HabiTerra and KixiCredito. Operating on a rent to own model, residents initially pay rental payments until they have built up enough of a track record to then be assessed for a loan. The money for the rent is saved up and then used as a deposit on the house purchase.

120
Homes Completed
80 Homes Sold
68
Homes Occupied
122
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 41st and 50th percentiles of incomes in Huambo

Mean
371 USD
371 USD
40th percentile at year of occupancy USD 371
40th percentile at year of occupancy $4
Household Demographic Data
Household Size
4.90
Proportion Female
49.1
Proportion Children
49.1
Proportion Elderly
0.9
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
1 bedroom, 32.5m2, house and plot Basic 120 120 32.5 11111 92.28 72
n/a Plot - 2 - - - -

Project Finances

Displayed In USD $

Investments — Reall to Affordable Housing Partners

Total Project Investments
USD 1,271,192
$ 1,271,192
Grants
USD 1,271,192
$ 1,271,192

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
USD 101,061
$ 101,061
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
USD 78,167
$ 78,167

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Data last updated on 10/03/2021