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Thousands of low income Paraguayans will be able to make home improvements with credits provided by a Vision Banco-Habitat partnership.

The innovative partnership involves local microfinance institution Vision Banco, the international nonprofit Habitat for Humanity, the commercial bank Citibank, N.A. Paraguay and the Inter-American Development Bank’s Opportunities for the Majority initiative.

Low-income families will be able to access the loans they need to repair, expand, or improve their homes. They will also receive financial literacy training to help them manage their financial responsibilities.