The Inter-American Investment Corporation on behalf of the Inter-American Development Bank Group, has established a strategic partnership with a leading savings and credit cooperative in Costa Rica, to increase access to housing finance in that country.

The financing package consists of a $30 million loan in local currency with a term of five years and a $5 million loan in US dollars with a term of six years.

Both loans will support efforts in providing affordable housing while contributing to the reduction of Costa Rica’s housing finance gap.

The loans will address the housing deficit by providing medium-term financing to COOPENAE, in order to support its mortgage portfolio intended to offer affordable housing solutions to its members.

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