In partnership with Universal Credit Organizations, Habitat Armenia implements Housing Microfinance projects that help low- and middle-income families receive loans from financial institutions. These families use the much-needed loans to renovate and repair their homes, improve energy efficiency, water and sanitation conditions, and create access to renewable energy. These microloans give families a chance to enhance their living conditions. The projects also aim to revitalize war-affected urban and rural communities. Since its inception in 2000 until June 30, 2018, Habitat Armenia has served 4,477 families within its Housing Microfinance Projects.
The main housing problems that low- and middle- income households face are poor condition of gas supply, water and sewage systems, insufficient or absence of thermal insulation and unhygienic conditions of bathrooms and kitchens. Poor condition of windows is also a major problem in all regions. In some regions many families still do not have a proper heating system and heat their houses with wood or dung which adversely affects their health as well as imposes negative impact on the environment.
Within the scope of the Housing Microfinance projects, Habitat Armenia also provides technical assistance to families and partner financial institutions through training programs, construction technical advice and informational brochures. The projects also allow volunteers to help families with construction.
