CABEI and Republic of El Salvador launch Housing and Dignified Life Program (PROVIDA) to benefit more than 2,500 families
Future beneficiaries will be able to access loans through the Social Housing Fund (FSV).
San Salvador, August 26, 2021.- A total of 2,592 low-income families will have the opportunity to have access to decent housing with the launch of the Housing and Dignified Life Program (PROVIDA) carried out this Thursday by the Central American Bank for Economic Integration (CABEI) and the Government of El Salvador through the Housing Ministry.
This is a direct financing of US$50.0 million to the Social Housing Fund (FSV), within the framework of CABEI's Poverty Reduction and Economic and Social Exclusion Program (PRPEES), whose purpose is to improve the quality of life of the region's inhabitants by financing operations to meet the investment needs of the poorest and most excluded communities.
CABEI Executive President Dr. Dante Mossi emphasized: "As the Bank of Central Americans, we are very pleased that through this initiative thousands of Salvadoran families will have the peace of mind of having homes in decent conditions with roof, walls, floors, water, sanitation and electricity, and it is expected that 50% of them will be headed by a woman.
PROVIDA is a highly relevant program for the Republic of El Salvador that generates important economic and social benefits for the inhabitants of the areas prioritized in the Multidimensional Poverty Index, as it will promote economic reactivation, generate jobs and support the country's construction sector.
The launch was held at the CABEI Representative Office in El Salvador in the presence of the Housing Minister, Michell Sol, and CABEI Director for El Salvador, Luis Rodríguez; CABEI Executive President, Dr. Dante Mossi, FSV President and General Manager, Oscar Armando Morales and Luis Josué Ventura, CABEI Non-Sovereign Public and Private Sector Manager, Carlos Gómez, and CABEI Private Sector Focal Point for El Salvador, Griseida Ponce, participated as honorary witnesses.