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Nepal

A priority country, Reall has operated in Nepal since 2011.

Soaring land prices and increasing rural-urban migration have made it increasingly difficult for people living on low incomes to afford housing in Nepal, especially in fast-growing urban areas. As of 2014, 54% of Nepal’s urban population were found to be living in slums. In addition, recent natural disasters have left many more people needing further relief and housing reconstruction. According to a UN-HABITAT study, at least 40,000 new urban homes are needed by 2021.

Reall works in partnership with two organisations, Lumanti and Sewa. These partnerships have resulted in the setting up of a revolving loan fund with Lumanti, which provides affordable housing loans to people on low incomes through banks and cooperatives. This fund has successfully recycled over US$2.5m to date.

Considerable successes have been achieved in working with banks to provide housing loans to low income groups. Both Sewa and Lumanti have provided banks with guarantees against potential losses to encourage them to loan. Guarantees were originally offered at 50% of total loan cost, but in negotiation with banks these have reduced to as little as 10% as banks have gained trust in the ability of people on a low income to repay.

People Housed 11,385
Jobs Created 12,302
People with Improved Water 11,385
People with Improved Sanitation 11,385
Women and Children Housed 7,554
Number of Projects 52
Total Invested $ 9,141,137

Delivery of Homes

Houses

Basic Homes
328
Total Expected
11
Complete
317
In Progress
self build homes
3023
Total Expected
2315
Complete
708
In Progress
rental homes
24
Total Expected
24
Complete
In Progress
cross subsidy homes
112
Total Expected
29
Complete
83
In Progress

Other Products

land plots
300
Total Expected
101
Complete
199
In Progress
improvement loans
334
Total Expected
335
Complete
In Progress

Client Data

Household Demographic Data
Household Size
4.45
Proportion Female
51.0
Proportion Children
31.0
Proportion Elderly
9.0

Nepal Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
NPR 1,058,721,626
$ 9,141,137
Loans
NPR 776,470,338
$ 6,704,143
Grants
NPR 282,251,288
$ 2,436,993

Based on exchange rate on 31-Dec-20

Funds Lent by Partners to Households
Funds Lent by Partners to Households
NPR 766,000,000
$ 6,613,741
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
NPR 380,745,655
$ 3,287,406

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Data last updated on 10/03/2021