Navigation: Global Kenya Mloathi Housing Cooperative

Mloathi Housing Cooperative

  • Status: Complete
  • People Housed: 885
  • Country: Kenya
  • City: Nairobi
  • Partner: NACHU
  • Year Approved: 2014
Total Invested
KES 74,352,290
Average Sales Price
KES 540,693
Total Invested
$687,543
Average Sales Price
$5,344
Delivery of Homes
Total Expected
Completed
Basic
177
177
Project Overview

This 177-household project, located south of Nairobi, houses members of four housing cooperatives who earn low incomes through informal work. Homes typically consist of two rooms and a toilet, but are designed to be expanded up to a three-bedroom house.

The majority of these homeowners previously lived in rented accommodation where they were without access to basic services and infrastructure, most notably a clean water supply. The project is located near to the Mombasa Road which provides useful urban public transport links. All clients benefitting from the project were advanced with micro-mortgage loans by NACHU, to be paid back over 5 years.

177
Homes Completed
177 Homes Sold
177
Homes Occupied
177
Connected to Electricity
177
Connected to Water and Sanitation
7
Nearest Employment Area
3
Nearest Health Centre
2
Nearest Primary School
2
Nearest Bus Stop
3.5
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
5.00
Proportion Female
55.0
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, 20m2, 162m2 plot Basic 177 177 20 540693 12500 60
Finance Description Finance Source Deposit Interest Rate (%)
2 rooms & wetcore, 20m2, 162m2 plot NACHU 108,139 14.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 74,352,290
$ 687,543
Loans
KES 74,352,290
$ 687,543

Of KES 74,352,290 total investments, KES 1,733,750 was recycled funds from previous project payments

Of $687,543 total investments, $16,032 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 95,702,661
$ 884,972
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 50,461,894
$ 466,626

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Data last updated on 10/03/2021