IM Townhouses
Background
Impact Multiplied (IM) is a ministry of OM Zambia with a specific vision for sustainable missions. The aim of the IM Townhouse Project is to build and then rent out townhouses in Kabwe. The subsequent rental income will meet a significant proportion of the financial needs of OM Zambia's ministries to marginalized people. The IM team also empowers and mentors local Zambians by giving them on-the-job training in construction and discipleship.
Kabwe's central location on Zambia's main north-south highway makes it an excellent property development location. Many roads are being built close to the IM property sites; there is also extensive industrial, commercial and retail development nearby. Such rapid development, and the attendant rising property prices, increases the need for quality affordable housing for local families. These trends seem set to continue.
Kabwe's central location on Zambia's main north-south highway makes it an excellent property development location. Many roads are being built close to the IM property sites; there is also extensive industrial, commercial and retail development nearby. Such rapid development, and the attendant rising property prices, increases the need for quality affordable housing for local families. These trends seem set to continue.
Makwati Community School
Project Overview
The project aims to build 20 new townhouses in three developments in Kabwe, Zambia, combining GSI funds with profits from previous, successful projects. IM's charitable status allows for VAT exemption. This reduces construction costs massively. The human resource contributions of OM team members makes IM's financial model even more advantageous. Returns on investment are at least 20% each year with competitive rental rates.
The OM Zambia team has built a talented team of people who possess appropriate skills and gifts for IM's ministry. Two main contractors have been appointed to manage their own teams of workers. This empowers them and also means the projects run effectively.
The OM Zambia team has built a talented team of people who possess appropriate skills and gifts for IM's ministry. Two main contractors have been appointed to manage their own teams of workers. This empowers them and also means the projects run effectively.
At A Glance
- Over 140 Zambians, including the deaf and disabled, have been employed, trained and mentored. These are people who would otherwise struggle to get work.
- 12 out of the 20 townhouses have been constructed and are being rented out. They are a mix of two, three and four bedroom single and double-storey townhouses.
- Profits are already providing 60% of the total budget of two community schools, supplementing teacher salaries and providing food for vulnerable and orphaned children.
Key Outcomes
- Donor funds are invested into a profitable business and channelled into further projects, eventually creating a sustainable, long-term cycle of self-finance. This is in contrast to ministries which continually require donor funding to remain viable.
- Planned further developments will support a ministry training college that, when completed, can train up around 300 Zambians annually in discipleship, missions and vocational skills training. Graduates will then be sent out as self-sustaining missionaries.
- IM employees – local Zambians – are given the dignity of a profession and a respectable income. Such professions also give them standing in the societies and communities they are sent out to reach with the good news.
