Located in the city of Biratnagar, this project targeted members of the Sambridi Women’s Cooperative. The project was fully financed by funds revolved from previous Lumanti projects, which is a great example of how housing finance can be used cyclically to have greater impact. The Cooperative was lent funds by Lumanti, which financed the allocation of individual housing loans to member households. Lumanti also supplied training in technical, financial and management skills and a team of community architects was provided to help the clients design housing according to their needs. Upon repaying their loan to the cooperative, the funds were then revolved again by Lumanti to support new housing projects throughout Nepal.
Prior to the project the clients lived in housing which caused multiple threats to their health and security, as well as a lack of access to basic services such as water. Each household was able to use their loan to construct a safe, permanent house fully serviced with electricity, household water and sanitation, or to upgrade their existing home.
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Monthly Cost |
|Loan Length (months)|
|Home upgrading loans||Loan||9||9||34||4762||84|
|Finance Description||Finance Source||Interest Rate (%)|
|Home upgrading loans||Sambridi Coop||6.0|
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Data last updated on 10/03/2021