Navigation: Global Zimbabwe Chitungwiza Cooperative

Chitungwiza Cooperative

  • Status: Complete
  • People Housed: 845
  • Country: Zimbabwe
  • City: Chitungwiza
  • Partner: ZINAHCO
  • Year Approved: 2012
Total Invested
USD 739,759
Total Invested
$739,759
Delivery of Homes
Total Expected
Completed
Basic
169
169
Project Overview

This project is located in Chitungwiza, a commuter town 25km outside of Zimbabwe’s capital Harare. Single storey core houses were constructed with the option of further extension by the homeowners, and fully serviced with household water, a flush toilet, and electricity.

The project clients were longstanding members of two cooperatives based in the Chitungwiza district. Developed in partnership with ZINAHCO, funds were lent to the cooperatives, which were in turn able to purchase land using a deposit from member savings and extend individual loans to the clients. This housing finance allowed 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.

169
Homes Completed
169
Homes Occupied
169
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 169

Project Finances

Displayed In USD $

Investments — Reall to Affordable Housing Partners

Total Project Investments
USD 739,759
$ 739,759
Loans
USD 481,389
$ 481,389
Grants
USD 258,370
$ 258,370

Of USD 739,759 total investments, USD 237,979 was recycled funds from previous project payments

Of $739,759 total investments, $237,979 was recycled funds from previous project payments

Based on exchange rate on 31/12/2020

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Data last updated on 10/03/2021