| Financier | Commitments |
|---|---|
| IDA Credit | 60.00 |
Housing Finance Project
Development Objective
The revised PDO is as follows: To facilitate the development of the housing finance market through the provision of medium and long-term liquidity to lenders.
Key Details
Project Details
P151220
Closed
Michael Corlett , Yoko Doi
N/A
February 24, 2015
(as of board presentation)
February 24, 2015
N/A
US$ 60.00 million
N/A
2015
US$ 60.00 million
B
July 13, 2023
June 28, 2019
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 60.00 |
| IBRD + IDA Commitment | 60.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 60.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Value 0.00 636.00 600.00 Date March 31, 2010 March 31, 2014 March 9, 2015 Comment Outstanding volume of microfinance loans financed by project Value 0.00 0.00 30.00 Date March 31, 2010 September 30, 2014 March 31, 2018 Comment billion TZS B - Mortgage debt outstanding/GDP Value 0.45 0.36 0.45 Date March 9, 2010 September 30, 2014 March 31, 2015 Comment Not directly attributable to project, so will be monitored outside project M&E. C - Mortgage interest rate (%) Value 18.00 18.00 15.00 Date March 31, 2010 March 31, 2014 March 31, 2015 Comment A - Total number of housing loans provided A2. Prefinanced Housing Mortgage Loans Value 0 250 Date March 31, 2010 August 26, 2011 March 9, 2015 Comment Outstanding volume of eligible housing loans financed by TMRC Value 0.00 9.40 95.90 Date March 31, 2010 September 30, 2014 March 31, 2018 Comment unit of measure (TZS) billions Number of financial institutions offering mortgage product Value 1.00 19.00 31.00 Date March 31, 2010 September 30, 2014 March 31, 2018 Comment Outstanding volume of TMRC bond issuance Value 0 0 116 Date March 31, 2010 September 30, 2014 March 31, 2018 Comment no bond issuance
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
1a - Number of financial institutions financed by TMRC Value 0.00 2.00 14.00 Date March 31, 2010 September 30, 2014 March 31, 2018 Comment 1b # Outstanding volume of loans refinanced by the TMRC (TZS) Value 0 5.6 billion 49 billion Date March 31, 2010 September 30, 2014 March 31, 2018 Comment 2a - Number of credit institutions supported by the project providing housing microfinance loans Value 0.00 0.00 8.00 Date September 30, 2014 September 30, 2014 March 31, 2015 Comment baseline set to zero since HMFF has not disbursed Outstanding volume of funds provided to financial institutions for the purpose of originating housing microfinance loans Value 0 0 30.1 Date March 9, 2010 September 30, 2014 March 31, 2018 Comment billions of TZS based on US$3 million under original project, plus US$15 million under AF. 2c - Number of housing microfinance loans extended by HMFF Value 0.00 0.00 1000.00 Date March 9, 2010 March 31, 2014 March 31, 2015 Comment 3a - Number of new housing units approved for construction Value 3000.00 3600.00 5500.00 Date March 31, 2010 March 31, 2014 March 31, 2015 Comment Outstanding volume of loans pre-financed by the TMRC (TZS) Value 0 28.5 billion 73.2 billion Date March 31, 2010 September 30, 2014 March 31, 2018 Comment Value 0 6 Date March 31, 2010 August 26, 2011 March 31, 2018 Comment Outstanding volume of Eligible housing loans pre-financed by TMRC Value 0.00 3.83 46.90 Date March 31, 2010 September 30, 2014 March 31, 2018 Comment billions of TZS Amount of pre-financing converted to mortgage loans is actually TZS 14.1 billion, of which only 3.83 bn meets eligibilitycriteria.However, this number should rise, and approach the total 14.1 bn as loans meet 6 month seasoning period, and loanadministration improves (some loans have been found not to meet all eligibility criteria, but these can become eligible withadministrative fixes) .