Pokhara Housing 1

  • Status: Complete
  • People Housed: 620
  • Country: Nepal
  • City: Pokhara
  • Partner: Lumanti
  • Year Approved: 2012
Total Invested
NPR 65,865,512
Total Invested
$568,691
Delivery of Homes
Total Expected
Completed
Self Build
155
155
Project Overview

This project gave permanent housing to 155 families previously living in rental housing without proper access to basic infrastructure and services. It provided home ownership, reliable access to water, sanitation and energy. The project is collaborative, with municipality providing infrastructure development support. The community was responsible for purchasing land and paying the cost of house construction, with all other facilities being either full or partial grant funded.

This was the first housing project for low income rental families in Pokhara and sought to emphasise the value of community participation, with families assisted to plan, design and build their own homes. This helped to demonstrate to the municipality that low-income rental families and communities are important actors of the city development, and that financing for improved housing conditions is a key contributor to economic growth.

Lumanti used funding to facilitate access to housing loans for families who otherwise face financial exclusion from formal banks due to a lack of data and perceived high risk. The project demonstrates the capability of low-income communities to repay loans. The money repaid has been revolved to invest in more community-led housing projects, the success of which is expected to attract banks and other financial institutions to finance affordable housing as part of their core business.

Since moving in, the majority of clients have further expanded their homes. The incremental design meant that all homes could be extended from single storey detached to up to 2.5 storeys.

155
Homes Completed
155
Homes Occupied
155
Connected to Electricity
155
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 Pokhara

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
4.00
Proportion Female
49.0
Proportion Children
33.0
Proportion Elderly
4.0
Proportion Disabled
1.0
Housing Information
Description Type Number Completed Unit Size (m2) Monthly Cost
(Local Currency)
Loan Length (months)
Bank loans for self-build housing Self Build 155 34 2380 84
Finance Description Finance Source Interest Rate (%)
Bank loans for self-build housing Laxmi Bank 4.0

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
NPR 65,865,512
$ 568,691
Grants
NPR 65,865,512
$ 568,691

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
NPR 55,800,000
$ 481,784
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
NPR 51,400,000
$ 443,794

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Data last updated on 10/03/2021