Masvingo 1

  • Status: Complete
  • People Housed: 250
  • Country: Zimbabwe
  • City: Masvingo
  • Partner: ShelterSol
  • Year Approved: 2015
Total Invested
USD 311,312
Average Sales Price
USD 8,889
Total Invested
$311,312
Average Sales Price
$8,679
Delivery of Homes
Total Expected
Completed
Basic
50
50
Project Overview

This project’s housing is built on land gifted by the government and serves members of housing cooperatives. ShelterSol constructed 50 homes under this project, and issued housing loans to clients to finance their purchase. Homes are situated across various locations in Masvingo and are all equipped with water, sanitation and energy.

ShelterSol offered both a complete house design and an incremental design, where one side of the home is constructed, with the other left to be completed at a later date once the homeowner’s finances improve, after the initial loan has been repaid.

50
Homes Completed
50 Homes Sold
50
Homes Occupied
50
Connected to Electricity
50
Connected to Water and Sanitation
10
Nearest Employment Area
2
Nearest Health Centre
2
Nearest Primary School
0.5
Nearest Bus Stop
1
Nearest Market
2
Nearest Secondary School

Client Data

Household Demographic Data
Household Size
5.00
Proportion Female
44.0
Proportion Children
48.0
Proportion Elderly
1.0
Housing Information
Description Type Number Expected Number Completed Unit Size (m2) Sales Price
(Local Currency)
Monthly Cost
(Local Currency)
Loan Length (months)
2 room core house, 27m2, house only Basic 29 29 27 7118 150 72
3 room core house, 39m2, house only Basic 4 4 39 10373 233 60
4 room core house, 54m2, house only Basic 17 17 54 11561 264 62
Finance Description Finance Source Deposit
2 room core house, 27m2, house only ShelterSol Finance 500
3 room core house, 39m2, house only ShelterSol Finance 500
4 room core house, 54m2, house only ShelterSol Finance 500

Project Finances

Displayed In USD $

Investments — Reall to Affordable Housing Partners

Total Project Investments
USD 311,312
$ 311,312
Loans
USD 311,312
$ 311,312

Based on exchange rate on 31/12/2020

Funds Lent by Partners to Households
Funds Lent by Partners to Households
USD 434,318
$ 434,318
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
USD 368,773
$ 368,773

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Data last updated on 10/03/2021