Three Heights is the second phase of the site development for the Kangundo Road project. This phase is developed on a five acre of land, with residents coming from over 25 different housing cooperatives. All the houses are built on a plot size of 27 square metres, and equipped with water, sanitation and energy. All clients benefitting from the project were advanced with micro-mortgage loans by NACHU, to be paid back over 5 or 10 years.
Clients estimated to sit between 51st and 60th percentiles of incomes in Nairobi
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Sales Price |
|Monthly Cost |
|Loan Length (months)|
|2 rooms & wetcore, 27m2, 126m2 plot||Basic||148||52||27||1684000||31347||60|
|3 rooms & wetcore, 37m2, 126m2 plot||Basic||134||50||37||1980000||36857||60|
|4 rooms & wetcore, 51m2, 126m2 plot||Cross Sub||22||2||51||-||44717||120|
|Finance Description||Finance Source||Deposit||Interest Rate (%)|
|2 rooms & wetcore, 27m2, 126m2 plot||NACHU||336,800||14.0|
|3 rooms & wetcore, 37m2, 126m2 plot||NACHU||396,000||14.0|
|4 rooms & wetcore, 51m2, 126m2 plot||NACHU||720,000||14.0|
Of KES 142,011,777 total investments, KES 72,764,863 was recycled funds from previous project payments
Of $1,313,197 total investments, $672,864 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