Direct Savings by Mexicans Living in USA toward Purchase of Housing in Mexico
The main objective of the project is to improve the access to mortgage loans by individuals of Mexican origin in the U.S. through a pilot project, offering US dollar based mortgage loans. Another objective is to enhance the development impact of workers' remittances from the United States to Mexico by enabling remittance flows to be used to purchase houses.

Project Detail

Country

Mexico

Project Number

ME-L1193

Approval Date

October 26, 2005

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 5,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 5,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
98/MS-ME Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 98/MS-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing