IDB Invest has approved a revolving loan for an amount in local currency equivalent to up to 44 million dollars to Trinidad and Tobago Mortgage Finance Company Limited (TTMF).

TTMF offers financial products adapted to the needs of the most disadvantaged and vulnerable citizens, and the loan will support the expansion of its mortgage portfolio. The revolving loan has a six-year availability period, comprising three cycles, each with a term of two years.

Additionally, as part of the transaction, IDB Invest will provide advisory services to develop a gender strategy that facilitates greater access for women to residential mortgages. IDB Invest’s participation will also help improve TTMF’s corporate governance related to the selection criteria for board members and board composition.