Supporting Kyrgyzstan State Mortgage Company to boost supply of energy efficient homes

The housing sector in the Kyrgyz Republic is challenged by ageing, poorly maintained buildings and public infrastructure and risk prone conditions with a general vulnerability against frequent natural hazard events, besides prevailing poverty and low purchasing power, especially among rural households. The State Mortgage Company (SMC) needs expertise in developing solutions for low-cost, low-density housing design, construction techniques and materials suitable for local climate and cultural identity in rural areas, and supporting stakeholders in rural mid-sized cities to initiate corresponding pilot construction projects. The main goals of the company are to provide affordable housing for the citizens of the Kyrgyz Republic and to create a long-term, sustainable mechanism for attracting financial resources to the sector for mortgage lending and economy class housing.

In other news...