We also directly impact livelihoods and quality of life; in 2019, we estimate that we delivered 3,821 housing units and impacted 19,015 beneficiaries and created 26,747 jobs and empowered 242 women with housing units.In 2020, we delivered 5,101 housing units, housing 25,505 individuals; this translates to 15,303 direct jobs and 20,404 indirect jobs created. This is the real way we impact livelihoods and improve the quality of life in Africa.
To solve this, affordable housing must be conceived as a volume business to make sense for developers. We have addressed this by proposing Private-Public-Partnerships of no less than 1,000 units; this is our primary product under our revised strategy. We are seeing traction in Rwanda, Togo, Cameroon and are concluding conversations in Nigeria to deliver similar projects.
We largely participate through two products, project finance, where we directly finance the developers. Currently our investment appetite is to consider large-scale projects of nothing less than 1000 units. Secondly, we provide lines of credit to banks to bolster the provision of mortgages. Recently, we provided $10 million to Wema Bank for this specific purpose.
For 20 years, Nigeria has remained a big player on the African real estate landscape. What factors would you say have been responsible for this sustained trend? Do you expect this upward trend to continue? How has the coronavirus pandemic affected this outlook and how have stakeholders managed to navigate these uncertain times?
However, we cannot deny that it has had a material effect on our business. Initially, when the pandemic broke and lockdowns were initiated in various countries, the level of new business activities reduced due to the employee-related, social and economic issues customers had to deal with. Recently, as customers have adapted, there has been an improvement as they embrace technology.