El Salvador: More Resources for Social Housing

The Central American Bank for Economic Integration expanded the Social Fund for Housing's Global Line of Credit by $60 million to $100 million.

Tuesday, May 28, 2019

From the CABEI statement:

Tegucigalpa, May 24, 2019 - The Central American Bank for Economic Integration (CABEI) granted an extension to the Global Credit Line (LGC) of the Social Fund for Housing for US$ 60 million, the new amount is US$100 million.

The new loan will allow CABEI to increase its support for financing one of the basic needs of the Salvadoran population, especially the social housing sector, said Country Manager El Salvador, engineer Raúl Castaneda.

He added that the operation is consistent with the 2015-2019 Institutional Strategy, in the Focalization Area "Financial Intermediation and Finance for Development" impacting on the Strategic Axis of "Social Development" and is consistent with two of the Sustainable Development Objectives: 8 Decent Work and Economic Growth and 11 Sustainable Cities and Communities, by supporting initiatives oriented to social housing.

Within the expected effects in the short term, derived from the extension of the Global Credit Line, it is estimated that the institution will benefit a total of 417,753 beneficiaries, with 48 percent corresponding to women.

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More on this topic

Nicaragua: $172 Million for Housing Construction

April 2020

A loan from the Central American Bank for Economic Integration will finance the "National Program for the Construction of Social Interest Housing."

The international organization reported that these resources will be used to finance the "National Program for the Construction of Social Interest Housing."

$10.5 million for Costa Rican SMEs

October 2011

The BCIE has granted a credit line to Cathay Bank to support MSME’s, as well as international trade and housing in Costa Rica.

A press release by the Central American Bank for Economic Integration (BCIE) reads:

The Central American Bank for Economic Integration (BCIE) has granted a loan to Banco Cathay allowing it to expand its global credit line to $10.5 million in order to support Micro, Small and Medium Enterprises (MSMEs) as well as international trade and housing Costa Rica.

El Salvador: $ 140 Million for Housing

November 2010

BCIE and IDB funds will finance the "Casa para Todos" (Housing for Everyone) program.

The $ 70 million Inter-American Development Bank loan will go to build 6.373 homes for low-income families, of which 2.000 would be ready by March 2011.

The credit of the Central American Bank for Economic Integration (BCIE), of also $ 70 million, "will be implemented by the National Housing Fund (FONAVIPO), which will bid the affordable housing projects to developers," Elsalvador.com reported.

$7 Million for Housing in El Salvador

August 2009

The funds loaned by IDB, will be administered by the National Fund of Social Housing, and will enlarge the lines of credit micro finance institutions.

Low income families will be able to access these credits to finance their homes or lots, upgrade their residences or home building.

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