El Salvador: Will simplify credits to buy homes
The approval of the credit terms and conditions to acquire a home is part of the strategy promoted by the Fondo Social para la Vivienda (Social Housing Fund) to increase the loan coverage.
Monday, October 20, 2008
The credit policy also seeks to reduce the deficit of social interest housing, assured the president and executive director of the FSV Enrique Oñate Muyshondt yesterday.
The Social Housing Fund (Fondo Social para la Vivienda) in El Salvador will keep the interest rate for social housing construction at 6%.
The Social Housing Fund announced that it has increased its credit coverage to attend to other Salvadoran segments.
In five years, the fund has awarded 34,195 loans that have benefited 179,900 people.
The president of the Social Fund for Housing announced the expansion of financing for housing of up to $75 thousand.
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