Based 8km outside the market town of Nanyuki, this project lies in in Laikipia Country, northwest of Mount Kenya. The town has seen significant expansion in recent years with many active local businesses, and as a result has a large population of lower and middle-income workers for its horticultural farms and hotel industries. Most of these workers live in informal rented accommodation, providing a key client base for this housing development.
120 residential bungalows were planned to be built in the first stage, with 85 core units and 35 larger units. The site offers easy access to the town centre along an all-weather road and is served by existing energy supply power cables.
Nanyuki was created as part of a community-based partnership between NACHU and the Nabosa Housing Cooperative. Through this collaboration NACHU was able to construct the housing and sanitation, while the community facilitated road access, electricity, fencing and landscaping. The housing cooperative was also backed by an active savings and credit cooperative that provided financial intermediation and credit history for the newly housed clients. This allowed NACHU to extend housing finance to the families in the form of micro mortgages, with a repayment period of 5 years.
Clients estimated to sit between 61st and 70th percentiles of incomes in Nanyuki
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Sales Price |
|Monthly Cost |
|Loan Length (months)|
|2 rooms & wetcore, 20m2, 137m2 plot||Basic||100||50||20||696450||11962||60|
|2 rooms & wetcore, 27m2, 137m2 plot||Basic||20||10||27||947200||17632||60|
|Finance Description||Finance Source||Deposit||Interest Rate (%)|
|2 rooms & wetcore, 20m2, 137m2 plot||NACHU||139,290||14.0|
|2 rooms & wetcore, 27m2, 137m2 plot||NACHU||189,440||14.0|
Of KES 51,889,639 total investments, KES 31,824,152 was recycled funds from previous project payments
Of $479,829 total investments, $294,281 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