Navigation: Global Zimbabwe Harare Cooperative

Harare Cooperative

  • Status: Complete
  • People Housed: 540
  • Country: Zimbabwe
  • City: Harare
  • Partner: ZINAHCO
  • Year Approved: 2012
Total Invested
USD 515,050
Total Invested
$515,050
Delivery of Homes
Total Expected
Completed
Basic
108
108
Project Overview

This project is located on the outskirts of Harare, the capital of Zimbabwe. 108 single storey detached homes were built serving beneficiaries from a housing cooperative that falls under the Harare District Union, which had previously purchased the project land using member savings. The three-room houses were fully serviced with household water, sanitation and electricity, and built with the option of further extension by the homeowner.

Reall and ZINAHCO funding was lent to the cooperatives, which in turn extended individual loans to member clients, allowing them to construct and purchase the new houses. 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.

108
Homes Completed
108
Homes Occupied
108
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 108

Project Finances

Displayed In USD $

Investments — Reall to Affordable Housing Partners

Total Project Investments
USD 515,050
$ 515,050
Loans
USD 196,630
$ 196,630
Grants
USD 318,420
$ 318,420

Based on exchange rate on 31/12/2020

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Data last updated on 10/03/2021