GHL BANK PLCStatus: Completed investment
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Who is our customer
Ghana Home Loans Limited is Ghana’s leading residential mortgage provider, mostly providing mortgages to middle class Ghanaians. Having started in 2006, GHL has emerged as an entrepreneurial success in the Ghanaian market place. Its total assets are currently in excess of US$100 mln and further growth is anticipated. GHL’s largest shareholder is Aureos (Abraaj), which invested in GHL in 2012.
What is our funding objective?
The funds will be used for on-lending to Ghanaian home owners (owner-occupants). Provision of credit to home owners in Ghana will lead to further development of Ghana's affordable housing market.
Why do we fund this investment?
GHL continues to play an important role in the development of Ghana's housing market. The facility will contribute to job creation in Ghana through the positive impact that mortgage provision has on the development of the local housing (construction) sector. In addition the provision of mortgage loans enhances GHL's capacity to actively reduce the housing crisis in Ghana.
- Financial Institutions
- Effective date
- End date
- Total FMO financing
- USD 10.00 MLN
- FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)