For each selection, please explain the financial and non-financial support from each
When the European Union support finished, CIUDAD committed to continue and increase the rotating fund and the implemented credit system, thus strengthening the supplementing actions of training and articulation of actors, key elements to move from a pilot experience to impact a state policy. CIUDAD’s decision was to implement a supplementing financing strategy by means of projects submitted to many sources.
Non government organizations
ACSUD las Segovias (Spain) supports the formulation of project to b e submitted to autonomous governments in Spain
Funding was received to cover operation and funding costs, within the framework of projects submitted to the generalitat Valenciana, the Provincial Council of Valencia and the city of Valencia, Spain.
The loans granted to families bear an interest stipulated in accordance with the Central Bank of Ecuador, and this interest is similar to the one charged by financial entities associated to the program, in order to avoid disagreement between the families who are granted the mortgage loan and the families who are granted the mortgage loan by the associated entities. The amounts received as interest cover part of the operational costs.
In 2008, IDB approved the support (2008-2011) to Step by Step through a line of non reimbursable technical assistance that covers part of the operational costs and training and actors’ strengthening activities and low cost funding to 10 years.
How do you plan to grow and/or diversify your base of support in the next three years?
Negotiations to sell the portfolio are moving forward, this would enable fresh funding to meet the credit demand. Conditions are being assessed. The intention is to enter into collaboration agreements with two financial institutions in the following two years
CIUDAD- PASO A PASO aims at being formally incorporated to the National Program on Popular Finance, Entrepreneurship and Solidarity Economy which we allow to increase the funding chances and/or strategic alliances.
Participation and support to the Social Contract for Housing is maintained.