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ReFormar: structuring an innovative market for low-income housing renovation
To generate a permanent and effective change in the low-income housing renovation market in Brazil (and the region), it is proposed to consolidate and scale the unique and innovative B2B2C solution developed by the Brazilian startup Vivenda. With a systemic and comprehensive approach, Vivenda's solution is unique in the low-income housing renovation sector in Brazil and in the region, as it provides a complete solution aimed at vulnerable families, consisting of: (i) offering a standardized technical service thanks to a system of micro franchises that simplify and cheapen interventions by qualified professionals; (ii) offering affordable micro financing thanks to innovative funding specifically for vulnerable populations; and (iii) offering lower cost and easily accessible building materials thanks to agreements with large national companies and neighborhood stores.

Project Detail

Country

Brazil

Project Number

BR-G1012

Approval Date

September 1, 2022

Project Status

Implementation

Project Type

Investment Grants

Sector

URBAN DEVELOPMENT AND HOUSING

Subsector

HOUSING

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 3,486,500.00

Country Counterpart Financing

USD 2,986,500.00

Original Amount Approved

USD 500,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
GRC/ME-19499-BR Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Contingent Grant Financing
Operation Number GRC/ME-19499-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Contingent Grant Financing

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1672070851-6
Donors Memorandum
BR-T1507 BR-G1012 Memorando a los donantes.pdf
Sep. 12, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1672070851-5
Donors Memorandum
BR-T1507 BR-G1012 Donors memorandum.pdf
Sep. 12, 2022
English
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1672070851-3
Profile
IDEATE 2022-03-23 Public Summary 1010 BR-T1507.pdf
Mar. 25, 2022
Spanish

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