Here is an interesting article about innovative urban building projects in Kenya. The authors outline that the project extends far beyond just building sustainable housing — it also must focus on micro-loan and other financing options to empower those who are impoverished. “Each unit costs between Sh150,000 to Sh200,000, with potential homeowners required to raise a ten per cent down payment and the local Muungano Savings Group lending the individual a further ten per cent. The remaining 80 per cent comes from the credit agency Akiba Mashinani Trust. The homeowner is expected to gradually pay off the loan by means of the daily savings scheme with an interest rate of six percent.”
We’re continuing to look for innovative housing project designs for urban dwellings. Check out our website at www.sheltersforall.org to contribute. You can be the one to change the future for these individuals!