Navigation: Global Zimbabwe Chitungwiza Cooperative 2

Chitungwiza Cooperative 2

  • Status: Complete
  • People Housed: 175
  • Country: Zimbabwe
  • City: Chitungwiza
  • Partner: ZINAHCO
  • Year Approved: 2014
Total Invested
USD 140,000
Total Invested
$140,000
Delivery of Homes
Total Expected
Completed
Basic
35
35
Project Overview

This project is located in Chitungwiza, a commuter town 25km outside of the capital Harare. As the second phase of Chitungwiza Cooperative development, the project used the existing model from phase 1 as a template for the construction of further units. Single storey core houses were constructed, fully serviced with household water, sanitation and electricity, and with the option of further extension by the homeowner.

The project clients were longstanding members of two cooperatives that served members within the Chitungwiza district and had been saving prior to the project. Developed in partnership with ZINAHCO, funds were lent to the cooperatives which in turn extended individual loans to the clients, allowing the homeowners to purchase the newly constructed units. Clients were required to pay a base repayment of $40 USD a month, which rose to $70 after the family was able to move into their purchased house; an increase made possible as the family no longer had to pay rent on previous accommodation. With the houses built in phases, repayments from units already built were recycled each month to help decrease the need for fresh capital investment.

35
Homes Completed
35
Homes Occupied
35
Connected to Water and Sanitation

Client Data

Household Demographic Data
Household Size
5.00
Proportion Female
51.3
Proportion Children
34.0
Proportion Elderly
2.9
Housing Information
Description Type Number Completed
n/a Basic 35

Project Finances

Displayed In USD $

Investments — Reall to Affordable Housing Partners

Total Project Investments
USD 140,000
$ 140,000
Loans
USD 140,000
$ 140,000

Based on exchange rate on 31/12/2020

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Data last updated on 10/03/2021