Hondurans interested in purchasing a home with Banhprovi were encouraged to hear the financial institution is keeping interest rates low even next year.
Honduran Bank President of Production and Housing (Banhprovi), Julio Quintanilla, said he could keep interest rates at 10% for microfinancing, 9% for low-income housing, and 10% for middle-class homes.
“Banhprovi can maintain interest rates for both microcredit and housing during 2010. The bank has the resources to continue the same rates, but further efforts are being made to have new resources available for multilateral banks,” Mr. Quintanilla stated.
“This institution, we have handled in terms of earnings results. We have sacrificed to keep these interest rates; however, this administration has a project of not less than one year, of keeping interest rates stable,” the President said.
The bank has dispersed 13,472 million Lempiras in loans for micro-credit, housing and production in Honduras.
