Kohalpur Housing 3

  • Status: Complete
  • People Housed: 1,075
  • Country: Nepal
  • City: Kohalpur
  • Partner: Lumanti
  • Year Approved: 2014
Total Invested
NPR 50,000,000
Total Invested
$431,706
Delivery of Homes
Total Expected
Completed
Self Build
250
250
Project Overview

This project served eight informal settlements in Kohalpur municipality and is the third stage of the Kohalpur and Rajhena Housing Project. As in the previous two stages the land was owned by the government which agreed to guarantee security of tenure to the clients. Fully financed through revolved funds, housing loans were lent to the new homeowners through the Basobas Mahila Saving and Credit (Women’s) Cooperative, to finance housing construction and home upgrading. Additional technical assistance was also provided by Lumanti.

The new houses were constructed on a low-cost basis with an emphasis on resistance to natural hazards and community engagement in the planning process. The settlements chosen were prioritised by the District Committee of Squatters Federation, with the project aiming to improve resident’s quality of life and remove the fear of forceful eviction. Once the clients had repaid their loan to the cooperative, the funds were then revolved again by Lumanti to support new housing projects throughout Nepal.

250
Homes Completed
250
Homes Occupied
250
Connected to Electricity
250
Connected to Water and Sanitation

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 31st and 40th percentiles of incomes in Kohalpur

Mean
17,500 NPR
151 USD
40th percentile at year of occupancy NPR 18,682
40th percentile at year of occupancy $161
Household Demographic Data
Household Size
4.30
Proportion Female
50.0
Proportion Children
32.0
Proportion Elderly
7.0
Proportion Disabled
0.3
Housing Information
Description Type Number Completed Unit Size (m2) Monthly Cost
(Local Currency)
Loan Length (months)
n/a Self Build 250 34 2380 84
Finance Source Interest Rate (%)

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
NPR 50,000,000
$ 431,706
Grants
NPR 50,000,000
$ 431,706

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
NPR 50,000,000
$ 431,706
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
NPR 44,300,200
$ 382,494

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Data last updated on 10/03/2021