Fundación para el Desarrollo de la Vivienda Social Urbana y Rural

Mission:

Somos una institución financiera que apoya el esfuerzo de las familias de bajos ingresos para solucionar sus necesidades de vivienda, proporcionando financiamiento y asistencia técnica constructiva.

Background and Main Challenges:

FUNDEVI es una entidad no estatal, de interés social, sin fines de lucro, independiente, apolítica, con personalidad jurídica y patrimonio propio, ha alcanzado el liderazgo en financiamiento habitacional de vivienda social en Honduras, a través de sus programas de vivienda de más de 28 años de ... Read more

Address:

Col. Tres Caminos, Edificio FUNDEVI, atrás de Emisoras Unidas

Tegucigalpa, M.D.C.

Francisco Morazán

Honduras

Phone:

(504) 290-5200

Email:

fundevi [at] fundevi [dot] hn

Website:

www.fundevi.hn

Main Funding Sources:

Grants

Products and Services:

Loans

Insurance

Products:

Productos crediticios enfocados a la vivienda y Asistencia Técnica Constructiva

Looking for (Investment Types):

Capacity-Building Grants

Donations

Date established:

Dec 13 2001

FYE:

31-Dec

Current Legal Status:

NBFI

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in urban areas	1
Clients living in rural areas	2
Women	3
+ Development goals (ranked by importance)
Housing	1
Water and sanitation	2
Poverty reduction	3
Health improvement	4
Increased access to financial services	5
+ Poverty targets
Very poor clients
Poor clients
Low income clients
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Housing loans
+ Savings products offered
+ Compulsory insurance products required
Compulsory credit life insurance
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:	1. Créditos Hipotecarios: para construcción o compra de viviendas nuevas. 2. Credimejoras: Créditos para mejorar las viviendas. 3. Créditos de Infraestructura Progresiva: para la dotación de servicios básicos.
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Flat interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
Políticas de selección y contratación de personal, Políticas de Evaluación de desempeño
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Portfolio quality
Por Evaluación del Desempeño.
+ Social responsibility to the environment
This institution raises clients' awareness about environmental impacts
+ Poverty measurement tools in use
Linea de Pobreza

Partnerships

Current
Name	Relationship
SYSDE	Vendor

MFI Report