Nyalenda Phase 2

  • Status: Complete
  • People Housed: 100
  • Country: Kenya
  • City: Kisumu
  • Partner: NACHU
  • Year Approved: 2015
Total Invested
KES 14,419,936
Average Sales Price
KES 639,913
Total Invested
$133,343
Average Sales Price
$5,852
Delivery of Homes
Total Expected
Completed
Basic
20
20
Project Overview

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.

20
Homes Completed
20 Homes Sold
20
Homes Occupied
20
Connected to Water and Sanitation
5
Nearest Employment Area
3
Nearest Health Centre
2
Nearest Primary School
3
Nearest Bus Stop
3
Nearest Market
2
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 41st and 50th percentiles of incomes in Kisumu

Mean
26,300 KES
243 USD
40th percentile at year of occupancy KES 22,917
40th percentile at year of occupancy $212
Household Demographic Data
Household Size
5.00
Proportion Female
53.0
Proportion Children
55.0
Proportion Elderly
9.0
Proportion Disabled
1.0
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 20 20 20 639913 12062 60
Finance Description Finance Source Deposit Interest Rate (%)
2 rooms & wetcore, 20m2, 137m2 plot NACHU 123,679 14.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 14,419,936
$ 133,343
Loans
KES 14,419,936
$ 133,343

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
KES 10,367,868
$ 95,873
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 7,436,160
$ 68,763

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Data last updated on 10/03/2021