Kangundo Road

  • Status: Complete
  • People Housed: 275
  • Country: Kenya
  • City: Nairobi
  • Partner: NACHU
  • Year Approved: 2015
Total Invested
KES 175,589,490
Average Sales Price
KES 960,000
Total Invested
$1,623,694
Average Sales Price
$9,105
Delivery of Homes
Total Expected
Completed
Basic
99
99
Cross Subsidy
12
12
Project Overview

Located in Nairobi, this project is spread across a five-acre parcel of land, building 111 homes complete with water and sanitation services. It is located next to the Three Heights site, which operates as the second phase of the Kangundo Road development.

These two phases located next to each other allows for a neighbourhood to develop and encourages a community to grow. The new homeowners were advanced with micro-mortgage loans by NACHU, to be paid back over 5 or 10 years, which provided them with the housing finance necessary to purchase the new homes.

111
Homes Completed
108 Homes Sold
52
Homes Occupied
111
Connected to Electricity
111
Connected to Water and Sanitation
3
Nearest Employment Area
3
Nearest Health Centre
2
Nearest Primary School
3
Nearest Bus Stop
3
Nearest Market
2
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 31st and 40th percentiles of incomes in Nairobi

Mean
53,200 KES
492 USD
40th percentile at year of occupancy KES 56,465
40th percentile at year of occupancy $522
Household Demographic Data
Household Size
5.30
Proportion Female
55.0
Proportion Children
50.0
Proportion Elderly
10.0
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 99 99 20 960000 17870 60
4 rooms & wetcore, 45-55 m2, 137m2 plot Cross Sub 12 12 51 - 35401 120
Finance Description Finance Source Deposit Interest Rate (%)
2 rooms & wetcore, 20m2, 137m2 plot NACHU 192,000 14.0
4 rooms & wetcore, 45-55 m2, 137m2 plot NACHU 570,000 14.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 175,589,490
$ 1,623,694
Loans
KES 175,589,490
$ 1,623,694

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
KES 72,791,392
$ 673,109
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 28,781,736
$ 266,148

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Data last updated on 10/03/2021