CONFIANZA: Finance for progressive construction of productive home

The project objective is to contribute reducing housing deficit in Peru, allowing BoP micro entrepreneurs access to financial solutions for progressive construction of productive housing. In order to achieve this objective, Financiera Confianza S.A.A. (CONFIANZA) has developed its "Construyendo Confianza" program, aimed to finance land acquisition as well as building and improvement for micro entrepreneurs properties that serve them as home and business. The Bank's Opportunities for the Majority Sector (OMJ) is proponing the approval of a US$ 10 million loan (or its PEN Equivalent) for CONFIANZA in order to support the expansion of the above-mentioned program.

Project Detail

Country

Peru

Project Number

PE-L1170

Approval Date

November 5, 2015

Project Status

Cancelled

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

Can’t find a document? Request information

Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-34421196-3974

Project Abstract

Financiera Confianza - Project Abstract [39639876].PDF

May. 21, 2015

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-34421196-3975

Environmental and Social Strategies

Financiera Confianza - Estrategia Social y Ambiental [39639887].PDF

May. 21, 2015

Spanish

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