Honduras: $339 Million Available for Housing Projects

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Banhprovi’s executive president, Julio César Quintanilla, added that in 2010 they will also loan resources for production and micro-credit.

According to Honduran daily La Prensa, Quintanilla remarked that 2009 was a record year for the institution, as they disbursed more funds than ever. In the past 12 months, the institution loaned $478 million in those three sectors (housing, production and micro-credit).

Source: laprensahn.com

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El Salvador: $ 15 Million for Housing Loans

November 2010

Multi-sector Investment Bank (BMI) has launched a line of credit for home purchase or remodeling.

Funding is through financial intermediaries (commercial banks or credit unions).

Ricardo Vega, BMI official said the new credit line aims to address two different niches.

$15 Million for Honduran Coffee Growers

March 2010

Banhprovi, the Honduran Bank for Production and Housing, will offer long term, low rate loans for coffee growers.

The main objective of the program is to assist coffee growers in improving the quality of their plantations.

Asterio Reyes, from the Honduran Coffee Institute (Ihcafé), explained that the funds would also be used to buy 100.000 quintals of fertilizers.

Honduras: Expands Loans for Housing

May 2009

People owning a home can now opt to finance a second home.

Stimulation of the construction industry is sought by making the requirements for accessing the funds of the Banhprovi trust more flexible.

Reynaldo Yanes wrote in Laprensahn.com: "Of the 10 billion Lempiras ($529 million) which the Banhprovi trust has, up to 4 billion ($212 million) will be invested to stimulate the construction industry in both the public and private sectors by way of a rediscount through the banking system."

BMI receives $10 million for housing in El Salvador

July 2008

Corporación Interamericana de Inversiones (CII) has approved a first loan of 10 million dollars to the Banco Multisectorial de Inversiones (BMI).

BMI is a "second floor" banking institution that operates between the main providers of long-term funds for the nation's financial institutions.