The National Bank of Costa Rica decided to take the whole experience of Habitat for Humanity to revive one of its housing programs aimed at supporting another entity dedicated to the development of public housing. By its structure, and operational track record in the country, Habitat is an important ally to fulfill the mission of boosting economic and social development of the Costa Rican families.
Habitat for Humanity Costa Rica is a promoter of social interest housing solutions, which includes the commitment family generating impact on the community development through alliances and self-managed processes. In Costa Rica, operates through 4 headquarters in the central regions, the South, Guanacaste and Puntarenas. It has a portfolio of credit of $ 2 million, which is sustained with contributions from several companies.
"The partnership with Habitat for Humanity is the complement that we needed to help this sector as needed. This agreement will complement very well the development of the program which we have been working in support entities which by definition has been created for this, "said Mr Juan Carlos Corrales, Banking People's Manager in Banco Nacional.
For its part, Asdrubal Alvarez, President of the Board of Directors of Habitat for Humanity Costa Rica, said that the entity is honored that the Bank has chosen to join forces and offer under the same objective, decent housing, families need. "With the help of the Banco Nacional we are going to do much for Costa Rica," he argued.
After the agreement is signed on November 2, is stipulated that the Banco Nacional provides the resources (financial and human) and infrastructure (technology and physics), while the international organization has the knowledge, methodology and selection the location of populations which makes them more difficult access to housing finance.
Habitat, places to potential customers, qualifies under the criteria bank, analyzes in his work environment, we determine the ability to pay, claims credit requirements, which determines the file and makes it subject to approval by the Banco Nacional. The Bank reviews and approves records, formalizes and tour resources in accordance with the progress of the work.
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