Lekhnath Housing 2

  • Status: Complete
  • People Housed: 864
  • Country: Nepal
  • City: Lekhnath
  • Partner: Lumanti
  • Year Approved: 2014
Total Invested
NPR 40,000,000
Total Invested
$345,365
Delivery of Homes
Total Expected
Completed
Self Build
138
138
Improvement Loan
63
63
Project Overview

This project served twelve settlements in Lekhnath municipality, northern-central Nepal, and was an extension of the Lekhnath Housing 1 project. 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 home. 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.

The built houses were single storey detached buildings that could be incrementally extended in the future. They were constructed with an emphasis on disaster risk reduction, which was 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 the clients in designing their housing according to their needs.

201
Homes Completed
201
Homes Occupied
201
Connected to Electricity
201
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 Lekhnath

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 Expected Number Completed Unit Size (m2) Monthly Cost
(Local Currency)
Loan Length (months)
Self Build Loans Self Build 138 138 34 2380 84
Home upgrading loans Loan 63 63 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 40,000,000
$ 345,365
Grants
NPR 40,000,000
$ 345,365

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
NPR 40,000,000
$ 345,365
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
NPR 32,900,000
$ 284,063

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Data last updated on 10/03/2021