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Guatemala: $100 Million for Mortgage Program

The Overseas Private Investment Corporation (OPIC) has announced it will provide the loan to help develop a mortgage program in Guatemala.

Wednesday, November 2, 2011

The program's objective is to develop a platform with the participation of Guatemala's national banks that will make 2,000 mortgages available to families to buy homes that currently might not be able to.

OPIC is an "independent" US Government agency that helps U.S. companies make investment decisions in emerging markets.

In partnership with a network of national banks, Mercury Mortgage Finance - Guatemala Ltd. will use the $100 million loan to provide long term dollar loans to the country's low and middle-income house-buyers.

Source: Overseas Private Investment Corporation -OPIC