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Zimbabwe

Reall began working in Zimbabwe in 2000 and has pursued a more commercial approach since 2012.

Zimbabwe’s context is a challenge for providers of affordable housing. The country is gradually recovering from drastic economic upheaval. The 2000-2008 economic crash saw GDP almost halved. 72% of the population are living below the poverty line, whilst the estimated housing shortage sits at 1.5m homes. With an average household size of 5, this implies that almost half of the 16 million Zimbabweans are without decent housing.

Reall initially worked with the Zimbabwe National Association of Housing Cooperatives and then, since 2015, with ShelterSol, an affordable housing developer. Through these partnerships, almost 1,000 homes have been completed, the vast majority for cooperative members.
With Reall’s support, ShelterSol have also piloted a Decentralised Wastewater System (DEWATS), a first for Zimbabwe, that has the potential to unlock new land for housing.

People Housed 4,820
Jobs Created 4,820
People with Improved Water 4,820
People with Improved Sanitation 9,070
Women and Children Housed 3,417
Number of Projects 14
Avg. Basic Home Completion Cost (Last 5 Years) $ 9,073
Total Invested $ 6,855,126

Delivery of Homes

Houses

Basic Homes
964
Total Expected
964
Complete
In Progress

Client Data

Household Demographic Data
Household Size
5.00
Proportion Female
52.0
Proportion Children
37.7
Proportion Elderly
2.6

Global Project Finances

Displayed In USD $

Investments — Reall to Affordable Housing Partners

Total Project Investments
USD 6,855,225
$ 6,855,126
Loans
USD 5,441,185
$ 5,441,106
Grants
USD 1,414,040
$ 1,414,020

Of USD 6,855,225 total investments, USD 310,044 was recycled funds from previous project payments

Of $6,855,126 total investments, $310,040 was recycled funds from previous project payments

Based on exchange rate on 30/06/2021

Funds Lent by Partners to Households
Funds Lent by Partners to Households
USD 1,976,121
$ 1,976,092
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
USD 1,904,597
$ 1,904,569

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Data last updated on 04/08/2021