Project Description
The project will help improve housing conditions for low-income Kyrgyz residents through the development of a specific Housing Microfinance product adapted to the Kyrgyz environment. The product will enable low-income Kyrgyz households to obtain funds to conduct home improvements in the most cost-effective manner, i.e., by doing most of the work themselves. To enable borrowers to take these loans, the lenders will provide the borrowers with Technical Construction Support (TCS), i.e., advice necessary to minimize the risks associated with the do-it-yourself nature of the home improvements. The Project will prepare a set of TCS tools and will help local financial institutions to develop and introduce the product.