RURAL HOUSING LOAN FUND. MAKING HOUSING DREAMS OF THE WORKING POOR A REALITY. RHLF’s Vision Statement.
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RURAL HOUSING LOAN FUND
MAKING HOUSING DREAMS OF THE WORKING POOR A REALITY
RHLF is a world class rural social venture capital fund that creates new financial arrangements and opportunities for rural families to improve their housing, economic and living environments.
This house has three bedrooms, a kitchen, lounge, inside toilet and has a tiled roof. Initially, the house was a simple 2 room house and has now improved beyond recognition. Standing at the foreground of the house is Mrs Mthethwa, proud mother of Philile who took small successive loans (amounting to R12, 000) to buy building materials and to pay a local builder who built the house. Philile also used R10, 000 of her own saving. The family resides in Thulasi Reserve, a deep rural area of Mandeni, KZN.
This house belongs to Nyalunga family in Lydenburg Extension 6. Towards the back, with greyer bricks, is an original RDP house that the family got in 1996 and that has been extended into a big house. Nyalungas started by stockpiling building material and built foundation. Later they took four successive loans amounting to R22, 000 to buy bricks, tiles, door and window frames and pay for labour.
The front elevation of the Nyalungas’ house with Mrs Sophie Nyalunga in the foreground. She states that they will go back to the RHLF retailer lender for another loan for fencing.
Martha Mthimunye of Mashishing Township (Lydenburg) borrowed R9, 000 from one of RHLF retail lenders (Indlu) and added that to her own saving of R2, 000. She added a verandah and an extra room which she uses for business purposes—productive housing. She runs a home based business of dressmaking and selling clothes and curtains. The house also shows consciousness about security which is important as she runs her business from home.
Martha shows her sewing machines and garments which she sells from her house. She is very happy with the working space which she now has after obtaining a loan from RHLF retail lender. She makes cash payments to repay the loan and is very aware of dangers of defaulting.
Ella Nkosi is a single mother of four and works as a domestic worker for a doctor in Lydenburg, where she earns R700 per month—working 3 days a week. She is as entrepreneurial as you can get. To augment her income, she sells sweets, snacks and hand-made brooms from home and at a nearby school. She also has a pay phone in her house. Her entrepreneurial drive plus her meagre regular income have enabled her to afford 5 successive loans ranging between R2, 000 and R4, 000 to build a four bedroom house for her family. She lived in a tin shack for 10 years before building the house in the background. She says she is a strong believer in Vukuzenzele.
Ella with materials she uses to make brooms which sell like hot cake in the community. Members of the community us these brooms mainly to sweep the grounds of the yard. She says finding this niche market was a blessing as she has used income from this economic activity to help improve the living condition of life of her family.