Rent to Own: Innovation to Improve Access to Social Housing in Nicaragua
The Rental Program will benefit low-income informal segments in Nicaragua by allowing them to i) better qualify for a mortgage loan in the formal banking system through the rent-toown methodology; ii) save for a down-payment on home purchase during the proposed two-year rental period; iii) achieve proof of concept to a new social housing financial model, which if successful can be scaled in Nicaragua and replicated elsewhere in Latin America. None of these benefits would be realistically achievable without the implementation of the Project¿s innovative business model.

Project Detail

Country

Nicaragua

Project Number

NI-L1065

Approval Date

May 15, 2012

Project Status

Closed

Project Type

Loan Operation

Sector

URBAN DEVELOPMENT AND HOUSING

Subsector

HOUSING

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 20,000,000.00

Country Counterpart Financing

USD 10,000,000.00

Original Amount Approved

USD 10,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2724A/OC-NI Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 2724A/OC-NI
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-561406411-597
Agreement - Financial Closing - SCF
Nicaragua_ Loan 2724A_OC-NI to Banco de Finanzas S_A_ for the Project Rent to Own_ Innovation to Improve Access [38230329].PDF
Jan. 21, 2015
English
https://www.iadb.org/document.cfm?id=EZSHARE-561406411-598
Agreement - Financial Closing - SCF
Nicaragua_ Préstamo 2724A_OC-NI a Banco de Finanzas S_A_ para El Proyecto Alquiler con Opción a Compra_ Innovac [38235566].PDF
Jan. 21, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-561406411-596
Agreement - Financial Closing - SCF
Nicaragua Préstamo 2724A OC NI a Banco de Finanzas S A para El Proyecto _Alquiler con Opción a ompra Innovacion [36801304].PDF
Aug. 04, 2014
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-561406411-594
Agreement - Financial Closing - SCF
Nicaragua_ Loan 2724A_OC-NI to Banco de Finanzas S_A_ for the Project _Rent o Own_ Innovation to Improve Access [36801210].PDF
Aug. 04, 2014
English
 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-309147140-312
Environmental and Social Management Reports
NI-L1065_Banco_de_Finanzas_ESMR_final [36861765].PDF
May. 15, 2012
English
https://www.iadb.org/document.cfm?id=EZSHARE-561406411-595
Environmental and Social Strategies
BDF ESS [36612810].PDF
Jan. 03, 2012
English
https://www.iadb.org/document.cfm?id=EZSHARE-309147140-311
Project Abstract
BDF_ Project Abstract [36612808].PDF
Jan. 03, 2012
English

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