Mtwapa

  • Status: Complete
  • People Housed: 190
  • Country: Kenya
  • City: Mombasa
  • Partner: NACHU
  • Year Approved: 2015
Total Invested
KES 29,382,076
Average Sales Price
KES 1,280,000
Total Invested
$271,699
Average Sales Price
$12,527
Delivery of Homes
Total Expected
Completed
Basic
38
38
Project Overview

This project, constructed in partnership with NACHU, is based in the town of Mtwapa, situated 10km from the centre of Mombasa. Mombasa is currently one of the fastest growing cities in Kenya, which has resulted in rapid urbanisation and population growth. For this reason, Mtwapa was planned as NACHU’s first project in this coastal region. 38 core units were constructed, with full access to water and sanitation, as a pilot for future investment.

The project partnership also included a primary housing cooperative in Mtwapa, which had been saving with NACHU for an extended period. This allowed them to quickly generate deposits for the occupants to secure micro mortgage loans, which were offered as part of the project by NACHU. Construction costs were also able to be reduced, as water and sanitation could be implemented by the local authority.

38
Homes Completed
38 Homes Sold
38
Homes Occupied
38
Connected to Electricity
38
Connected to Water and Sanitation
5
Nearest Employment Area
5
Nearest Health Centre
2
Nearest Primary School
5
Nearest Bus Stop
5
Nearest Market
2
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 61st and 70th percentiles of incomes in Mombasa

Mean
53,200 KES
492 USD
40th percentile at year of occupancy KES 35,143
40th percentile at year of occupancy $325
Household Demographic Data
Household Size
5.00
Proportion Female
68.0
Proportion Children
65.0
Proportion Elderly
9.0
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 38 38 20 1280000 22105 60
Finance Description Finance Source Deposit Interest Rate (%)
2 rooms & wetcore, 20m2, 137m2 plot NACHU 256,000 14.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 29,382,076
$ 271,699
Loans
KES 29,382,076
$ 271,699

Of KES 29,382,076 total investments, KES 6,669,879 was recycled funds from previous project payments

Of $271,699 total investments, $61,677 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 40,071,519
$ 370,545
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 15,558,919
$ 143,875

Want the latest data?

Be notified each time our data is updated by joining our mailing list.

Want to download this data? Click here to access our data explorer.

Sign up to data notifications

Privacy Statement and Terms & Conditions

Data last updated on 10/03/2021