Partnership for social housing in Nicaragua

$11.5K USD

Funder	Inter-American Foundation
Recipient Organization	Asociacin Roncalli- Juan XXIII
Country	Nicaragua
Start Date	Nov 17, 2018
End Date	Feb 26, 2022
Duration	1,197 days
Number of Grantees	1
Roles	Recipient
Data Source	US Foreign Aid
Grant ID	`51152-36`

Grant Description

Instituto de Accin Social Juan XXIII (Juan 23) will use its loan guarantee fund (Fideicomiso para el Desarrollo Inmobiliario) in coordination with Banco de la Produccin S.A (BANPRO) to finance the construction of 68 homes for poor urban working families and for 12 rural families.

Its creative use of the fund should leverage sufficient resources for its housing program to become self-sufficient within a few years. The project is expected to benefit about 460 persons directly and 100 indirectly.