www.shelterafrique.org

01 > Are you a private sector developer, national housing agency or cooperative interested in a medium term loan for the development of your real estate project?

02 > The solution At Shelter Afrique, we identify, appraise, structure and finance the development of both commercial and residential estates. Our primary concern is the successful completion of your project.

Whether you are a public or private sector developer, we can offer you the support and finance you need for the construction and infrastructure components of your housing project , commercial property or mixed use development.

Our financing solutions are tailored to fit your project’s specific features, cash flows and assets, so we are able to raise capital in various currencies (US Dollar, Euro, Kenya Shilling, CFA Franc, Rand, Naira and other local and regional currencies). This is done directly or through syndication, at competitive rates, while we help you to identify and manage project risks.

1. Project & Construction Finance

“You can bank on us”

Shelter Afrique is the only pan-African finance institution that exclusively supports the development of the housing and real estate sector in Africa. A partnership of 44 African Governments, the African Development Bank (AfDB) and the Africa Reinsurance Company, Shelter Afrique builds strategic partnerships and offers a host of products and related services to support the efficient delivery of both affordable housing and commercial real estate. These include lines of credit to financial institutions, construction finance, trade finance, equity and joint venture finance, and practical advice and technical assistance to a wide range of industry stakeholders.

03 > Our credentialsWe support small and medium size developers to encourage their growth and involvement in housing delivery for all income categories.

As well as competitive lending rates, we offer a grace period of up to three years for project implementation, depending on the nature of the project. Our minimum loan amount is USD 2 million, and loan tenure is up to five years (inclusive of grace period), though longer tenors are available for well established developers. Our exposure in any single project will not exceed 60% of the total project cost or 10% of our shareholders’ funds (whichever is less). The borrower’s equity must meet at least 30% of the total project cost. Please note that we do not fund land purchase.

Shelter Afrique’s mission is to assist both private and public sector institutions in Africa to identify, finance and implement housing and related urban infrastructure projects to achieve our goal of housing for all.

04 > Take the next stepTo apply for financing from Shelter Afrique, please submit a formal written application letter stating your requirements.

Applications will be processed on the basis of the following: a comprehensive business plan (including financial projections) drawn up by or on behalf of your company; detailed technical information such as site layouts and architectural plans; well defined off-take arrangements or a clearcut marketing plan; audited financial statements for the past three years (or since inception if shorter); current year latest management accounts; plus, detailed profiles of senior management.

To be eligible, your company must hold a valid title to the project land, free of any encumbrances, and should demonstrate strong corporate governance.

If you would like to find out more about our project and construction finance, or to submit a proposal with supporting documents, please write to:

Director of Business Development & OperationsShelter Afrique Centre,Longonot Road, Upper Hill,P.O.Box 41479,00100 NairobiKenya

E-mail: info@shelterafrique.orgTelephone: +254 20 497 8000For further details, please visit www.shelterafrique.org

Fast FactsHeadquarters: Nairobi, Kenya Authorised capital (Dec 2011): USD 300m2011 International Moody’s rating: Ba1Number of loan approvals (2011): 21 projects in 10 countries for total approval of USD 103.8mCumulative loan approvals (Dec 2011): USD 537mCumulative disbursements (Dec 2011): USD 259m