Navigation: Global Kenya Alfa-Mwanda Housing

Alfa-Mwanda Housing

  • Status: Complete
  • People Housed: 165
  • Country: Kenya
  • City: Nakuru
  • Partner: NACHU
  • Year Approved: 2012
Total Invested
KES 26,083,800
Average Sales Price
KES 718,516
Total Invested
$241,200
Average Sales Price
$7,168
Delivery of Homes
Total Expected
Completed
Basic
33
33
Project Overview

This project targeted members of two housing cooperatives (Alfa Youth and Mwanda Housing), providing homes for 33 households. An additional nine serviced plots were also completed, to be marketed and sold by the cooperative members to cross-subsidise the development cost.

Alfa youth members previously resided in the Kwa Rhoda, Lakeview estate and Bondeni in Nakuru town, which are densely populated informal settlements. Mwanda members were previously landless and without formal employment, also living in the densely populated informal settlements of Nakuru Town. All tenants previously resided in unsuitable conditions with little access to safe and reliable water and sanitation services, and relocation offered the opportunity to escape these precarious living situations. To afford the housing they were provided with end user finance by NACHU in the form of micro mortgages, to be repaid within 8 years.

33
Homes Completed
33 Homes Sold
33
Homes Occupied
33
Connected to Water and Sanitation
7
Nearest Employment Area
1.5
Nearest Health Centre
1.5
Nearest Primary School
1
Nearest Bus Stop
1.5
Nearest Market
3
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

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

Mean
27,706 KES
256 USD
40th percentile at year of occupancy KES 16,983
40th percentile at year of occupancy $157
Household Demographic Data
Household Size
5.00
Proportion Female
50.0
Proportion Children
55.0
Proportion Elderly
5.0
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
2 rooms & wetcore, 22m2, 137m2 plot Basic 32 32 22 695746 11126 96
5 rooms & 2 wetcore, 51m2, 137m2 plot (Demonstration unit) Basic 1 1 51 1447153 24862 96
Finance Description Finance Source Deposit Interest Rate (%)
2 rooms & wetcore, 22m2, 137m2 plot NACHU 139,149 12.5
5 rooms & 2 wetcore, 51m2, 137m2 plot (Demonstration unit) NACHU 289,431 12.5

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 26,083,800
$ 241,200
Grants
KES 26,083,800
$ 241,200

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
KES 20,691,259
$ 191,334
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 12,898,866
$ 119,277

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Data last updated on 10/03/2021