Kathmandu – Bisnu Devi Mahila SACCOS
- Status: Complete
- People Housed: 232
- Country: Nepal
- City: Kathmandu
- Partner: Lumanti
- Year Approved: 2018
Located in Kathmandu, this self-build project was fully financed by funds revolved through income from previous Lumanti projects, which is a great example of how housing finance can be used cyclically to have greater impact.
This project secured the reconstruction of homes for victims of the 2015 earthquake, where nearly 2.8 million people were displaced. The homeowners are made up of members of a women-led housing cooperative, with funds for construction provided by Lumanti, who also provide members with mortgage loans.
Client Data
Clients estimated to sit between 1st and 10th percentiles of incomes in Kathmandu
| Description | Type | Number Expected | Number Completed | Unit Size (m2) | Monthly Cost (Local Currency) | Loan Length (months) |
|---|---|---|---|---|---|---|
| Cooperative loans for self-build housing | Self Build | 46 | 46 | 34 | 8333 | 60 |
| Cooperative loans to upgrade/repair existing housing | Loan | 8 | 8 | 34 | 8333 | 60 |
| Finance Description | Finance Source | Interest Rate (%) |
|---|---|---|
| Cooperative loans for self-build housing | Bisnu Devi Cooperative | 8.0 |
| Cooperative loans to upgrade/repair existing housing | Bisnu Devi Cooperative | 8.0 |
Documents
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Data last updated on 30/06/2022