- 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:
Q.1 Which organisation partnered with Habitat for Humanity to support MFIs?
a. African Development Bank
b. New Development Bank
c. World Bank
d. Asian Development Bank
a. African Development Bank
b. New Development Bank
c. World Bank
d. Asian Development Bank
