The Regional Mortgage Refinancing Fund (CRRH-UEMOA) and Cofina, the regional leader in mesofinance, have signed a loan agreement which devotes a line of credit of 2 billion FCFA. Through this agreement, CRRH-UEMOA intends to play its part in the program of 100,000 housing units initiated by the State of Senegal.

CRRH-UEMOA is keen to extend the effectiveness of its model to financing access to property for low-income populations. The loan signed on July 2 in Dakar between Christian Agossa, Managing Director of CRRH-UEMOA and Mame Alassane Dia, Managing Director of Cofina Senegal, aims to set up refinancing of housing loans on concessional resources. This CRRH loan in favor of Cofina will enable the latter to provide its customers with loans for the acquisition of real estate at a lower cost. This is, according to Christian Agossa, "to make loans of 15 million CFA francs at most, to solvent households over a period of 10 years at most and with an interest rate limited to 400 basis points in addition to the cost of the refinancing that we grant you at 6.5% per annum".