The loan will have a five-year tenor and a three-year grace period, helping Banco BICE increase and diversify its long-term financing to support the housing portfolio growth.

The investment will allow Banistmo to address two development challenges simultaneously by reducing the financing gap for SMEs and addressing the country's housing deficit.

The $80 million-dollar funding will help G&T launch its climate finance business, a first in the country, focusing on financing green buildings and green housing projects.

Haiti's Bank of the Republic is reducing the credit risk of microfinance institutions that will further enable financial institutions to provide more microloans to the small businesses and individuals as the nation examines various long-term recovery options.

The proceeds of the Social Bond will be used to finance access to financing services, with its eligible subcategories: affordable housing and household financing.