Located in Kohalpur Muncipalty, in mid-western Nepal this project was fully financed by funds revolved from previous Lumanti projects. Lumanti lent housing loans directly to the Basobas Mahila (Women’s) Cooperative, which in turn allocated individual loans to member households. The clients were required to repay their loan, using an agreed repayment schedule, with the funds revolved again and reallocated by Lumanti to support other housing projects throughout Nepal.
The new homeowners previously lived in housing which caused multiple threats to their health and security, and often lacked access to basic services such as water. As part of the project the community was trained in housing and infrastructure construction, and given technical, financial and management skills. This allowed each household to construct a safe, permanent house fully serviced with electricity, household water and sanitation.
Clients estimated to sit between 11th and 20th percentiles of incomes in Kohalpur
|Description||Type||Number Completed||Unit Size (m2)||Monthly Cost |
|Loan Length (months)|
|Home upgrading loans||Loan||-||34||3333||60|
|Finance Description||Finance Source||Interest Rate (%)|
|n/a||Basobas Mahila Cooperative||8.0|
|Home upgrading loans||Basobas Mahila Cooperative||8.0|
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Data last updated on 10/03/2021