CMAC Ica-Capital Strengthening and Low Income Housing Program
The Inter-American Development Bank (IDB) through its Opportunities for the Majority initiative (OMJ) is currently analyzing the provision of a loan to finance CMAC Ica's home improvement mortgage product lines, pursuant to the IDB Board Approved loan for Capital strengthening and Low Iincome Housing Loan Program for the Peruvian Microfinance System PE-L1064. The Project's overall objective is to increase the supply of housing solutions and improve housing conditions for low-income communities in Peru by increasing the supply of home financing options. In Lima's metropolitan area, 87% of the effective demand for new homes is met by less than 1% of the market's offer while in the Ica region, the housing deficit is especially acute since the earthquake of August 2007 severely impacted the provinces of Pisco and Chincha affecting 75.41% of its residents and destroying close to 200,000 housing units, more than half of the existing housing stock.

Project Detail

Country

Peru

Project Number

PE-L1096

Approval Date

May 11, 2010

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 3,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 3,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2330/OC-PE Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 2330/OC-PE
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1935684392-10146
Loan Proposal
CMAC ESMR Publico [35192948].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2015304780-9146
Loan Proposal
CMAC Resumen del Proyecto [35192943].PDF
Dec. 31, 1999
Spanish

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