ADB Approves $100 Million Loan to Expand Access to Affordable, Resilient Housing Finance in Bangladesh
Bangladesh, Sept. 28 -- The Asian Development Bank (ADB) has approved a $100 million concessional loan to expand access to affordable and resilient housing finance for low- and middle-income borrowers in Bangladesh, particularly women. The Inclusive Affordable Housing Finance Project will channel financing through Palli Karma-Sahayak Foundation (PKSF) and eligible microfinance institutions (MFIs) to provide long-term, collateral-free microfinance loans that will help families construct, repair, and upgrade their houses. The project will address a significant shortage of safe and affordable housing and limited access to housing finance for households with informal incomes who are not typically served by conventional mortgage lenders. By 2031...
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