Project Category
Project Category
BANKING AND FINANCIAL SERVICES
Project Description
Project Description
The proposed investment (the "Project") consists of a $10 million loan to Mutual Cartago de Ahorro y Prestamo ("Mucap") for expanding housing finance in the low and middle income segment in Costa Rica. Mucap is a non-profit mutual society established in 1970 to expand access to housing finance in Costa Rica. Its core business is housing finance for the lower and middle income. The Project is expected to have development impact in the following areas: (1) increased financial access and inclusion in Costa Rica; (2) increased access to finance for low and middle income housing which requires longer tenor financing; (3) demonstration effect to spur other local financial institutions to enter this priority sector and replicate this experience.
Country
Country
Costa Rica
Our Reference Number
Our Reference Number
2001918150411
 
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