Contact the AFD in Peru
The project, partly financed by AFD and developed by the Peruvian public social housing bank Fondo Mivivienda, will allow Peruvian families to live in more sustainable housing conditions, especially in terms of water and energy consumption, as well as sanitation. The country is one of the most exposed to climate change and water stress in the world.
Twofold objective: help reduce the housing shortage in Peru and improve energy efficiency in housing
The EUR 20m AFD loan taken out by Fondo Mivivienda firstly aims to support the public bank’s traditional range of housing in order to reduce the housing shortage in the country. Indeed, it is estimated that in 2015 there will continue to be a housing shortage of over two million units for a national population of 30 million Peruvians.
Secondly, the aim of AFD’s financing is to allow a more attractive rate to be offered to households seeking to buy sustainable housing, i.e. integrating energy and water saving technologies, in order to offset the additional cost of this type of acquisition.
First operation in Peru following the mandate to support “sustainable urban development” in emerging countries
AFD’s loan to Fondo Mivivienda, which was signed in March 2015, is its first non-sovereign operation (to a non-State actor) in the Andean country.
AFD has been operating in Peru since 2013 and opened an agency there on 1 March 2015. It implements the “green and inclusive growth” mandate in the country, which is common to all AFD’s countries of operation in Latin America, with priority given to “sustainable cities” sectors (transport, housing), water and sanitation, energy efficiency and sustainable energies.