Housing finance - social housing

active

Aim of the FC measure (outcome) The financial institutions offer affordable, long-term housing loans in local currency in rural areas for people from middle and lower income groups on a sustainable basis, which are also used. This is intended to contribute to improving the housing and thus living conditions of the population. As part of the FC measure, loans in local currency are to be issued to private rural households with medium and low incomes. The immediate target group are partner financial institutions (PFIs) active in the area of housing finance. These are to receive local currency as a loan from the Kyrgyz Ministry of Finance, with the State Mortgage Company (SMC) acting as an intermediary. The PFIs, in turn, also lend the funds to private households (indirect target group). For this purpose, an FC grant of EUR 8.5 million is planned for the lending by the Kyrgyz Ministry of Finance and a further FC grant of EUR 0.5 million for an accompanying measure for personnel support (PU) of the SMC and PFI.