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Zimbabwe

Reall began working in Zimbabwe in 2000 and has pursued a more commercial approach since 2012.

Zimbabwe’s context is a challenge for providers of affordable housing. The country is gradually recovering from drastic economic upheaval. The 2000-2008 economic crash saw GDP almost halved. 72% of the population are living below the poverty line, whilst the estimated housing shortage sits at 1.5m homes. With an average household size of 5, this implies that almost half of the 16 million Zimbabweans are without decent housing.

Reall initially worked with the Zimbabwe National Association of Housing Cooperatives and then, since 2015, with ShelterSol, an affordable housing developer. Through these partnerships, almost 1,000 homes have been completed, the vast majority for cooperative members.
With Reall’s support, ShelterSol have also piloted a Decentralised Wastewater System (DEWATS), a first for Zimbabwe, that has the potential to unlock new land for housing.

People Housed 4,841
Jobs Created 4,975
People with Improved Water 4,841
People with Improved Sanitation 9,091
Women and Children Housed 3,434
Number of Projects 15
Avg. Basic Home Completion Cost (Last 5 Years) $ 9,073
Total Invested $ 8,355,135

Delivery of Homes

Houses

Basic Homes
975
Total Expected
965
Complete
10
In Progress
rental homes
Total Expected
10
Complete
In Progress

Other Products

land plots
Total Expected
60
Complete
In Progress

Client Data

Household Demographic Data
Household Size
4.99
Proportion Female
52.0
Proportion Children
38.0
Proportion Elderly
3.0

Global Project Finances

Displayed In USD $

Investments — Reall to Affordable Housing Partners

Total Project Investments
USD 8,355,135
$ 8,355,135
Loans
USD 6,941,095
$ 6,941,095
Grants
USD 1,414,040
$ 1,414,040

Of USD 8,355,135 total investments, USD 310,044 was recycled funds from previous project payments

Of $8,355,135 total investments, $310,044 was recycled funds from previous project payments

Based on exchange rate on 31-Dec-20

Funds Lent by Partners to Households
Funds Lent by Partners to Households
USD 2,038,432
$ 2,038,432
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
USD 1,926,122
$ 1,926,122

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Data last updated on 10/03/2021