Navigation: Global Zimbabwe Masvingo Cooperative 2

Masvingo Cooperative 2

  • Status: Complete
  • People Housed: 505
  • Country: Zimbabwe
  • City: Masvingo
  • Partner: ZINAHCO
  • Year Approved: 2014
Total Invested
USD 200,000
Total Invested
$200,000
Delivery of Homes
Total Expected
Completed
Basic
101
101
Project Overview

This project is located in Masvingo, the oldest urban settlement in Zimbabwe. A commercial centre surrounded by gold and asbestos mines, it has seen large population growth and high demand for affordable housing. As the second phase of Masvingo Cooperative, this project used its existing model 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.

The project clients are longstanding members of two local cooperatives. The land was previously purchased by the community, and the funding provided by ZINAHCO was used to extend individual loans to member clients. 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.

101
Homes Completed
101
Homes Occupied
101
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 101

Project Finances

Displayed In USD $

Investments — Reall to Affordable Housing Partners

Total Project Investments
USD 200,000
$ 200,000
Loans
USD 200,000
$ 200,000

Based on exchange rate on 31/12/2020

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Data last updated on 10/03/2021