Lekhnath

  • Status: Construction
  • People Housed: 215
  • Country: Nepal
  • City: Lekhnath
  • Partner: Lumanti
  • Year Approved: 2019
Delivery of Homes
Total Expected
Completed
Self Build
93
53
Improvement Loan
7
7
Project Overview

This project is located in Lekhnath municipality, in northern-central Nepal. Serving low-income residents that were unable to access housing finance, Lumanti provided a 50% guarantee to Kamana Sewa Bikash Bank for loans to project clients. In this way, Lumanti have been able to leverage private finance and encourage banks to lend to income groups that they previously considered too risky.

Detached, single-storey buildings that can be incrementally extended in the future are currently under construction in existing settlements, with a focus on low cost materials and technology. Residents are also able to use the loans to upgrade their existing homes. This project was designed to consolidate its previous success, encouraging continued long-term entry of formal finance institutions into informal settlement upgradation.

60
Homes Completed
50
Homes Occupied
60
Connected to Electricity
60
Connected to Water and Sanitation

Client Data

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 93 53 34 4762 84
Home upgrading loans Loan 7 7 34 4762 84
Finance Description Finance Source Interest Rate (%)
Self Build Loans Kamana Sewa Bikash Bank 8.0
Home upgrading loans Kamana Sewa Bikash Bank 8.0

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Data last updated on 10/03/2021