Royal Phase 2

  • Status: Complete
  • People Housed: 555
  • Country: Kenya
  • City: Nairobi
  • Partner: NACHU
  • Year Approved: 2014
Total Invested
KES 47,215,990
Average Sales Price
KES 599,471
Total Invested
$436,611
Average Sales Price
$5,965
Delivery of Homes
Total Expected
Completed
Basic
111
111
Project Overview

This project is located in the peri-urban area of Nairobi close to a major highway, Kangundo Road, which facilitates easy access to the city centre. The project is the second phase of the NACHU Royal Project, is adjacent to the Gitongu Starehe project and is across the road from the Ngumo Mbega project, which enables a neighbourhood and community to become established. The project serves members from the Royal, Razak and Progressive Housing Cooperatives.

The majority of these cooperative members were previously tenants in Mukuru and Kibera slums, where they operated small informal businesses, selling items such as groceries, general food stuffs, and second-hand clothes. Housing members faced threats of eviction from Mukuru, with many receiving eviction letters, so their relocation to Royal offers sanctuary from a precarious living situation. 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.

111
Homes Completed
111 Homes Sold
111
Homes Occupied
111
Connected to Water and Sanitation
1
Nearest Employment Area
2
Nearest Health Centre
2
Nearest Primary School
1
Nearest Bus Stop
1
Nearest Market
2
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 21st and 30th percentiles of incomes in Nairobi

Mean
36,500 KES
338 USD
40th percentile at year of occupancy KES 50,612
40th percentile at year of occupancy $468
Household Demographic Data
Household Size
5.00
Proportion Female
65.0
Proportion Children
40.0
Proportion Elderly
10.0
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 (land cost not included) Basic 111 111 20 599471 11971 60
Finance Description Finance Source Deposit Interest Rate (%)
2 rooms & wetcore, 20m2, 137m2 plot (land cost not included) NACHU 119,894 14.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 47,215,990
$ 436,611
Loans
KES 47,215,990
$ 436,611

Of KES 47,215,990 total investments, KES 1,733,750 was recycled funds from previous project payments

Of $436,611 total investments, $16,032 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 57,106,281
$ 528,068
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 23,477,421
$ 217,098

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Data last updated on 10/03/2021