Located in Tansen Muncipalty, in the hill area of western Nepal, this project was fully financed by funds revolved from previous Lumanti projects. Lumanti lent funds directly to the NavaYug Krishi Sahakari Cooperative, which in turn allocated individual loans to member households. The clients were required to repay their loan, using an agreed repayment schedule, with the funds revolved again and reallocated by Lumanti to support other housing projects throughout Nepal.
The new homeowners previously lived in housing which caused multiple threats to their health and security and often lacked access to basic services such as water. As part of the project the community was trained in housing and infrastructure construction, and given technical, financial and management skills. This allowed each household to construct a safe, permanent house fully serviced with electricity, household water and sanitation.
Clients estimated to sit between 1st and 10th percentiles of incomes in Tansen
Description | Type | Number Completed | Unit Size (m2) | Monthly Cost (Local Currency) | Loan Length (months) |
---|---|---|---|---|---|
n/a | Self Build | 28 | 34 | 6250 | 36 |
Finance Source | Interest Rate (%) |
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Data last updated on 30/06/2022