All News and Announcements

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News

Incofin India Progress Fund Invests $4.3 Million in Varashakti Housing Finance

The series A funding comes from Incofin India Progress Fund, a private equity fund launched in 2021. As of June 2023, Varashakti Housing Finance offers home loans, home improvement loans, loans against poverty and small ticket business loans.

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Operation HOPE and Fulton Bank Partnership Generates Nearly $1 B in Loans to Low- and Moderate-Income Homebuyers

Fulton Bank has helped facilitate more than $968 million in loans to more than 5,700 homebuyers under the Closing Cost Assistance Program, and that cumulative total is on track to hit $1 billion in loans in 2023

News

IFC Announces $300 Million Loan to Banistmo to Boost Financing for SMEs and Preferential Mortgages

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.

News

TMRC Signs MoU With Habitat to Boost Housing Finance

This is the first step in the organizations' joint effort to expand and strengthen the low-income housing finance sector in Tanzania. 

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AFC Increases the Share of Energy Efficient Mortgage Loans in Armenia

More than 40 percent of the loan amount was allocated to energy efficient housing projects, i.e. purchase of new energy efficient apartments, as well as individual house constructions and renovations.

News

IFC Partners With Banco G&T Continental in Guatemala to Launch Its Climate Finance Business, Expand SME and Housing Finance

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.

News

IFC’s Investment to Boost Green Housing, Strengthen Capital Markets in Romania

This placement is the first-ever senior preferred bond issuance by Banca Comercială Romana S.A., Romania's second-largest bank.

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Haiti: Central Bank Offers Housebuying Program With Easy Process to Fasten Recovery Efforts

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.

News

Habitat for Humanity and Miyamoto Announce Partnership for Resilient Housing Construction

New partnership between Habitat for Humanity's The Terwilliger Center for Innovation in Shelter and Miyamoto International will develop resilient housing solutions.

News

Symbiotics Launches $10,5M Social Bond With La Hipotecaria Colombia

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