Located in Kisumu, a major port city in west Kenya, this project built on the success of the initial pilot stage Nyalenda and was completed in partnership with NACHU.
A one acre parcel of land was purchased and divided into 20 plots for housing, with a further two designated for water and sanitation services. The housing design consisted of low cost units that allowed for future horizontal construction by the homeowner if they chose to.
This development served largely small scale business traders, with a few employed in lower cadre jobs, from Kisumu Town. Prior to the project they lived in Nyalenda Slum where there is little to no running water or electricity. To afford the housing they were provided with end user finance by NACHU in the form of micro mortgages, to be repaid within 5 years.
Clients estimated to sit between 41st and 50th percentiles of incomes in Kisumu
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Sales Price |
|Monthly Cost |
|Loan Length (months)|
|2 rooms & wetcore, 20m2, 137m2 plot||Basic||20||20||20||639913||12062||60|
|Finance Description||Finance Source||Deposit||Interest Rate (%)|
|2 rooms & wetcore, 20m2, 137m2 plot||NACHU||123,679||14.0|
Based on exchange rate on 31/12/2020
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Data last updated on 10/03/2021