- The support to MFIs will enable them to grant housing loans to low-income families residing in rural and semi-urban areas of India, Bangladesh, the Philippines and Indonesia.
- The technical expertise will be provided to MFIs to deliver the housing loans.
- With this collaboration, ADB will be expanding its microfinance risk participation and guarantee program.
- In the first phase of the partnership, the commercial banks will grant $30 million housing loans to MFIs.
- Static Part:
- HQ of ADB: Manila, Philippines
- President of ADB: Masatsugu Asakawa
- HQ of Habitat for Humanity: Atlanta, Georgia
Question:
a. African Development Bank
b. New Development Bank
c. World Bank
d. Asian Development Bank
