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Affordable housing finance: CRRH-UEMOA grants 500 million CFA to the CECA

03/08/2021
Categories: Sectors

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The UEMOA Regional Mortgage Refinancing Fund (CRRH-UEMOA) has granted a 500 million FCFA loan to the Cooperative d'Epargne et de Crédit des Artisans du Togo (CECA) to promote affordable housing financing for low-income households in Togo.

The CRRH-UEMOA granted a 500,000,000 FCFA loan to the Cooperative of Savings and CECA to promote affordable housing financing for low-income households in Togo. This ceremony to sign the housing loan refinancing agreement is part of the extension of CRRH-UEMOA refinancing to Decentralized Financial Systems (SFD). It brought together administrators from CRRH-UEMOA in Togo, shareholder banks, as well as SFDs under the supervision of the UMOA Banking Commission located in Togo. The documents were initialled by the directors general of CRRH-UEMOA, Christian Agossa, and of the ECSC, Yombo

Odanou.

This agreement aims to help the ECSC start financing housing loans for its customers with modest and/or irregular incomes. The eligibility criteria for housing loans from Decentralized Financial Systems (SFD) for refinancing from CRRH-UEMOA are the first beneficiary, the destination, the amount and the guarantee. The admission of guarantees from national institutions is subject to evaluation by the CRRH-UEMOA

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