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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 11,196
Jobs Created 11,759
People with Improved Water 11,196
People with Improved Sanitation 11,196
Women and Children Housed 7,418
Number of Projects 52
Avg. Basic Home Completion Cost (Last 5 Years) $ 17,207
Total Invested $ 9,405,547

Delivery of Homes

Houses

Basic Homes
328
Total Expected
10
Complete
318
In Progress
self build homes
2856
Total Expected
2217
Complete
639
In Progress
rental homes
24
Total Expected
24
Complete
In Progress
cross subsidy homes
112
Total Expected
22
Complete
90
In Progress

Other Products

land plots
300
Total Expected
101
Complete
199
In Progress
improvement loans
316
Total Expected
316
Complete
In Progress

Client Data

Household Demographic Data
Household Size
4.45
Proportion Female
50.9
Proportion Children
30.8
Proportion Elderly
8.8
Proportion Disabled
0.3

Nepal Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
NPR 1,058,721,626
$ 9,405,547
Loans
NPR 776,470,338
$ 6,898,063
Grants
NPR 282,251,288
$ 2,507,484

Based on exchange rate on 31/01/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
NPR 752,400,000
$ 6,684,225
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
NPR 371,646,703
$ 3,301,662

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Data last updated on 31/03/2020