The majority of Kenya’s rapidly urbanising population is being forced into slums due to the shortage of affordable housing for low to middle-income earners.
Although many individuals within this population group are formally employed, the cost of renting and/or owning a home remains high above
what they can afford.
Working to close the housing market gap, Irfan partners with developers, construction firms, banks and insurance providers to drop the cost of building and financing a home. Through these partnerships he is able to achieve economies of scale and supply affordable housing at an unprecedented scale, something no other organisation has achieved. The houses themselves have also been designed to include income generating potential, featuring an additional room that can be rented or used for a small business.
Goals and objectives
Through contractual agreements that incentivise cheaper and more creative building solutions and minimise logistical costs,
the market price of each house Karibu Homes is able to supply has been driven down by 70%.