Tausi Housing

  • Status: Complete
  • People Housed: 736
  • Country: Kenya
  • City: Nairobi
  • Partner: NACHU
  • Year Approved: 2014
Total Invested
KES 79,259,716
Average Sales Price
KES 528,687
Total Invested
$732,923
Average Sales Price
$5,029
Delivery of Homes
Total Expected
Completed
Basic
184
184
Project Overview

Located on the edge of Nairobi, this project is a collaboration between NACHU, the Tausi Fairtrade Housing Cooperative Society, and Finlays horticultural business, one of the largest exporters of fresh produce and flowers in Kenya. These homeowners previously paid extortionately high rents to landlords to live in poor-quality housing.

This collaboration involved the members of the housing cooperative, all of whom are employees of Finlays, moving to new homes close to their workplace. Finlays paid for all costs related to land, survey, planning, service roads and water and sanitation, and NACHU delivered housing and loan services for the homeowners in the form of micro mortgages. The project consists of 184 fully serviced incremental ‘starter homes’. All homes are built with an option to be extended after residents have paid off their initial loans.

184
Homes Completed
184 Homes Sold
184
Homes Occupied
184
Connected to Water and Sanitation
7
Nearest Employment Area
7
Nearest Health Centre
5
Nearest Primary School
2
Nearest Bus Stop
7
Nearest Market
7
Nearest Secondary School

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 1st and 10th percentiles of incomes in Nairobi

Mean
22,400 KES
207 USD
40th percentile at year of occupancy KES 50,612
40th percentile at year of occupancy $468
Household Demographic Data
Household Size
4.00
Proportion Female
65.0
Proportion Children
50.0
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 184 184 20 528687 9864 60
Finance Description Finance Source Deposit Interest Rate (%)
2 rooms & wetcore, 20m2, 137m2 plot (land cost not included) NACHU 100,000 14.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
KES 79,259,716
$ 732,923
Loans
KES 79,259,716
$ 732,923

Of KES 79,259,716 total investments, KES 3,467,500 was recycled funds from previous project payments

Of $732,923 total investments, $32,064 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 78,878,408
$ 729,397
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
KES 39,456,214
$ 364,856

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Data last updated on 10/03/2021