Located on the eastern fringe of Nairobi, in the town of Joska, this project involved construction of a total of 141 houses in partnership with NACHU. The site chosen sits next to a number of other projects funded by Reall, and is well served by public transport from the city centre which allows residents to still operate their businesses as before, despite resettling in the new area.
The units were built incrementally, consisting initially of two rooms with opportunity for further horizontal construction. Water was provided from a nearby borehole and 29% of the project land was allotted to green spaces, sports field, meeting spaces, walkways and road networks. Further costs were saved by building alongside the Royal project, which allowed for efficient use of resources.
Residents were drawn from three housing cooperatives including Bull Trust, Gitongu Starehe and Nyota Born. Prior to living in Gitongu Starehe Housing they resided in various informal settlements around Nairobi, working as construction labourers and as small-scale business owners. To afford the housing they were provided with end user finance by NACHU in the form of micro mortgages, to be repaid within 5 years.
Clients estimated to sit between 21st and 30th percentiles of incomes in Nairobi
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Sales Price |
|Monthly Cost |
|Loan Length (months)|
|2 rooms & wetcore, 20m2, 137m2 plot||Basic||141||141||20||569257||11302||60|
|Finance Description||Finance Source||Deposit||Interest Rate (%)|
|2 rooms & wetcore, 20m2, 137m2 plot||NACHU||113,851||14.0|
Of KES 61,246,125 total investments, KES 2,831,433 was recycled funds from previous project payments
Of $566,349 total investments, $26,183 was recycled funds from previous project payments
Based on exchange rate on 31/12/2020
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Data last updated on 10/03/2021