Navigation: Global Kenya Gitongu Starehe Housing

Gitongu Starehe Housing

  • Status: Complete
  • People Housed: 564
  • Country: Kenya
  • City: Nairobi
  • Partner: NACHU
  • Year Approved: 2014
Total Invested
KES 61,246,125
Average Sales Price
KES 569,257
Total Invested
$566,349
Average Sales Price
$5,362
Delivery of Homes
Total Expected
Completed
Basic
141
141
Project Overview

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.

141
Homes Completed
141 Homes Sold
141
Homes Occupied
141
Connected to Water and Sanitation
1
Nearest Employment Area
2
Nearest Health Centre
2
Nearest Primary School
1
Nearest Bus Stop
1
Nearest Market
2
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 21st and 30th percentiles of incomes in Nairobi

Mean
36,500 KES
338 USD
40th percentile at year of occupancy KES 50,612
40th percentile at year of occupancy $468
Household Demographic Data
Household Size
4.00
Proportion Female
57.0
Proportion Children
50.0
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, 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

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 61,246,125
$ 566,349
Loans
KES 61,246,125
$ 566,349

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

Funds Lent by Partners to Households
Funds Lent by Partners to Households
KES 67,358,520
$ 622,871
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 46,896,600
$ 433,658

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Data last updated on 10/03/2021