This project secured the reconstruction of homes for victims of the 2015 earthquake, which displaced nearly 2.8 million people. A self-build housing project, Lumanti provided a 50% guarantee to Lumbini Bikash Bank for loans to project clients, who had lost their homes in the disaster. In this way, Lumanti have been able to leverage private finance for clients living on low incomes, and encourage banks to lend to income groups that they previously considered too risky.
The new houses provided much needed services to many, including water, sanitation and energy. They were constructed on a low-cost basis with a focus on resistance to natural hazards. For this reason, disaster-resistant interlocking blocks were used to build the houses, and instruction was given on disaster risk reduction through appropriate settlement planning. This training, as well as advice on accessing government-funded post-earthquake reconstruction grants, was provided by Lumanti as part of the project.
Clients estimated to sit between 1st and 10th percentiles of incomes in Kathmandu
Description | Type | Number Completed | Unit Size (m2) | Monthly Cost (Local Currency) | Loan Length (months) |
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n/a | Self Build | 17 | 34 | 6666 | 60 |
Finance Source | Interest Rate (%) |
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Data last updated on 30/06/2022