Lekhnath Housing 1

  • Status: Complete
  • People Housed: 571
  • Country: Nepal
  • City: Lekhnath
  • Partner: Lumanti
  • Year Approved: 2012
Total Invested
NPR 24,867,693
Total Invested
$214,711
Delivery of Homes
Total Expected
Completed
Self Build
75
75
Improvement Loan
58
58
Project Overview

This project served fifteen communities in Lekhnath municipality, northern-central Nepal. All families approved for the loans had private land ownership certificates and the project was set up to give those households access to housing finance, to construct safe, permanent housing or to upgrade their existing homes. Lumanti provided an 80% guarantee to Kamana Bikash Bank for loans to project clients. 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.

As the first programme of its kind in Lekhnath, this project proved to be a successful precedent-setting project. Participation within the community was very high which raised the credit worthiness of low-income groups, encouraging further banks to invest in the affordable housing market.

The built houses were constructed with an emphasis on disaster risk reduction, achieved through infrastructure designs and appropriate settlement planning. Training in technical, financial and management skills was provided by Lumanti, and a team of community architects assisted clients in designing their housing according to their needs.

133
Homes Completed
133
Homes Occupied
133
Connected to Electricity
133
Connected to Water and Sanitation

Client Data

Displayed In
Client Monthly Household Incomes

Clients estimated to sit between 41st and 50th percentiles of incomes in Lekhnath

Mean
17,500 NPR
151 USD
40th percentile at year of occupancy NPR 15,052
40th percentile at year of occupancy $130
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 Expected Number Completed Unit Size (m2) Monthly Cost
(Local Currency)
Loan Length (months)
Self Build Loans Self Build 75 75 34 2380 84
Home upgrading loans Loan 58 58 34 2380 84
Finance Description Finance Source Interest Rate (%)
Self Build Loans Kamana Bikash Bank 4.0
Home upgrading loans Kamana Bikash Bank 4.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
NPR 24,867,693
$ 214,711
Grants
NPR 24,867,693
$ 214,711

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
NPR 24,200,000
$ 208,946
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
NPR 21,454,000
$ 185,237

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Data last updated on 10/03/2021