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Affordable housing for all

Sector: Residential • Location: France

Source: Proparco Groupe AFD (Agence Française de Développement)

Project
Achevé

The project consists in granting a 10-year credit line of EUR 40 million to the South African banking group FIRSTRAND, which is committed through its RMB division, to finance accessible housing. The credit line will help solve a problem associated with low-income homeloans – that of deserving homeloan applicants whose creditworthiness, while good, is just shy of acceptable norms. RMB will use the

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The project “Affordable housing for all” is an infrastructure initiative in the Residential sector, located in France. Taiyo aggregates data on it from Proparco Groupe AFD (Agence Française de Développement).

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Participants

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Status

Original status

achevé

Taiyo status

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Contact

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Email

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Description

Description

The project consists in granting a 10-year credit line of EUR 40 million to the South African banking group FIRSTRAND, which is committed through its RMB division, to finance accessible housing. The credit line will help solve a problem associated with low-income homeloans – that of deserving homeloan applicants whose creditworthiness, while good, is just shy of acceptable norms. RMB will use the loan money to create a “top-up” fund which can be used to give financial assistance to such people, making them eligible for home loans they otherwise would not qualify for.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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