Chinese Government provides loan $3.9 million interest-free loan for Low Income Housing Unit Project

Funder	China (People's Republic of)
Recipient Organization	Mozambique
Country	Mozambique
Start Date	Oct 30, 2005
End Date	Sep 30, 2028
Duration	8,371 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`21987`

Grant Description

Chinese Government provides loan $3.9 million interest-free loan for Low Income Housing Unit Project In 2005, the Chinese Government and the Government of Mozambique signed an exchange of letters for the Low Income Housing Unit Project.

The Chinese Government reportedly provided a $3.9 million interest-free loan to the Government of Mozambique for this project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 20 year maturity

📅 Maturity20 years

⏳ Grace Period10 years

💹 Interest Rate0%

This project involved the construction of 150 low-income housing units in in the Zimpeto neighborhood within the city of Maputo. Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.