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17:09 Mivivienda Fund responsible for 95% of social housing in Peru
 
Lima, Oct. 12 (ANDINA). The Mivivienda Fund is a good example of how a public company should be run in Peru, because of its transparency and the efficient use of its resources, Mivivienda President Luis Piazzon said Friday.
Lima hosts the 2nd Meeting of the Latin American Network on Corporate Governance of State-Owned Enterprises on Oct. 11-12, 2012. Photo:ANDINA/Juan Carlos Chávez
Lima hosts the 2nd Meeting of the Latin American Network on Corporate Governance of State-Owned Enterprises on Oct. 11-12, 2012. Photo:ANDINA/Juan Carlos Chávez

He said the important thing is the experience gained by Mivivienda staff over time, which increases the efficiency of its operations.

"Mivivienda Fund is responsible for 95% of social housing in the country, so it plays a fundamental role in the economy. This effort is complemented by good government practices which ensure a better outcome," he stated.

Piazzon said that "the design of these companies is critical to ensure its relevance over time. "We have a good performance as a public company," he said during the 2nd Meeting of the Latin American Network on Corporate Governance of State-Owned Enterprises in Lima.

To date, the Mivivienda Fund has channeled 75,000 credits 87,000 subsidies granted by the central government and has a total portfolio of 1,7 billion dollars.

Therefore, he underlined that Mivivienda is efficiently fulfilling its two main functions: promote housing demand and place government subsidies (through the Family Housing Bond), in addition to obtain the necessary credit lines for financing the development of new programs aimed at reducing the housing gap in C and D socio-economic segments.

(END) SDD/AND/EEP

Date: 12/10/2012
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