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.
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, 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|
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
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Data last updated on 10/03/2021