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.
Based on exchange rate on 31/12/2020
Be notified each time our data is updated by joining our mailing list.
Want to download this data? Click here to access our data explorer.
Data last updated on 10/03/2021