Tansen Housing 2
- Status: Complete
- People Housed: 430
- Country: Nepal
- City: Tansen
- Partner: Lumanti
- Year Approved: 2014
This project served four settlements in Lekhnath municipality, in the hill area of western Nepal, and was an extension of the Tansen Housing 1 project. All families approved for the loans had private land ownership certificates and the project was set up to give those households access to housing finance, to construct safe, permanent housing or to upgrade their existing homes. Lumanti provided an 80% guarantee to Laxmi Bank for loans to project clients. In this way, Lumanti have been able to leverage private finance for clients living on low incomes, and encourage banks to lend to income groups that they previously considered too risky.
The built houses were single storey detached buildings that could be incrementally extended in the future. They were constructed with an emphasis on disaster risk reduction, which was achieved through infrastructure designs and appropriate settlement planning. Training in technical, financial and management skills was provided by Lumanti, and a team of community architects assisted the clients in designing their housing according to their needs.
Client Data
Clients estimated to sit between 31st and 40th percentiles of incomes in Tansen
| Description | Type | Number Expected | Number Completed | Unit Size (m2) | Monthly Cost (Local Currency) | Loan Length (months) |
|---|---|---|---|---|---|---|
| n/a | Self Build | 85 | 85 | 34 | 2380 | 84 |
| Home upgrading loans | Loan | 15 | 15 | 34 | 2380 | 84 |
| Finance Description | Finance Source | Interest Rate (%) |
|---|---|---|
| n/a | Laxmi Bank | 4.0 |
| Home upgrading loans | Laxmi Bank | 4.0 |
Project Finances
Investments — Reall to Affordable Housing Partners
Based on exchange rate on 31/10/2021
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Data last updated on 30/06/2022