41914-014: MLD: EQUITY INVESTMENT AND LOAN TO THE HOUSING DEVELOPMENT FINANCE CORPORATION

Project Data Sheet (PDS): Overview

Description

The project consists of a loan of up to $7.5 million to, and an equity investment of up to$4.5 million in the Housing Development Finance Corporation (HDFC) located in the Maldives. HDFC is a specialized finance institution that was established to mobilize long-term financing for the provision of mortgage financing for affordable homes. Read More

Country Maldives
Borrower/Equity Investment Name HOUSING DEVELOPMENT FINANCE CORPORATION PLC
Project Number 41914-014
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Numbers 7274
Approval Date 09 Apr 2008
Closing Date 24 Jul 2010
Geographical Location Maldives
Sector Finance
Subsector Housing finance
Safeguard Categories Environment: FI
Resettlement: C
Indigenous People: C

 

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