Fhf Tzs Loan Tender

Project Number: 47741
Company Name: FIRST HOUSING FINANCE (TANZANIA) LIMITED
Date SPI Disclosed: Mar 12, 2024
Country: Tanzania
Region: Eastern Africa
Projected Board Date: Apr 12, 2024
Environmental Category: FI-3
Status: Pending Approval
Department: Regional Industry - FIG Africa
Industry: Financial Institutions
Sector: Primary Mortgage Institutions
Additional Project Attributes: Blended Finance

Project Description
The proposed investment Project entails a senior secure TZS-linked loan to First Housing Finance (Tanzania) Limited (FHF or the Company) in Tanzania. IFC will also mobilize additional funding from a parallel lender and provide a client risk management (CRM) swap to hedge foreign exchange rate risk. The Project seeks to mobilize funding to support FHF’s housing finance lending and strengthen its long-term funding profile. The Project will be supported by the IDA20 Private Sector Window Local Currency Facility (IDA PSW LCF).

Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/