Promoting Inclusive and Green Housing Finance Project

The project will promote affordable residential mortgage loans to women and the development and funding of benchmark green mortgage products in Kazakhstan via Otbasy Bank. This will enable them to target segments of the population that are significantly underserved in the market by the private sector by providing: (i) qualified women sub-borrowers with long-term, fixed rate subloans (mortgages) in local currency to acquire or renovate housing; and (ii) qualified low-to-moderate income population sub-borrowers with long-term, fixed rate subloans (green mortgages) in local currency to acquire green, energy efficient housing or for the renovation of existing housing to improve energy efficiency.