Fondo Mivivienda S.A. Principal Supporter of Housing in Peru

Transcripción

1 Fondo Mivivienda S.A. Principal Supporter of Housing in Peru

2 Index CHAPTER I MIVIVIENDA CREDITS 1.1 Glossary Page Executive Summary Page Overall Figures Page Products, Financial Institutions and Regions Page 11 CHAPTER II BONO FAMILIAR HABITACIONAL: Housing Government Bonus 2.1 Glossary Page Executive Summary Page Overall Figures Page Disbursements, Modalities and Regions Page Authorized Centers, Signed Agreements and Technical Entities Page 34 CHAPTER III BONO DE PROTECCIÓN DE VIVIENDAS VULNERABLES A LOS RIESGOS SÍSMICOS: Housing Protection against Seismic Risk Bonus 3.1 Executive Summary Page Disbursements in numbers and amounts Page 36 2

3 CHAPTER I 3

4 MIVIVIENDA PRODUCTS - GLOSSARY - 1. Mortgage Credit Contract whereby a financial institution grants a credit to a person in order to acquire, build, improve or expand a house. That credit will be paid in terms and conditions agreed between and among the parties, providing real estate as guarantee. 2. Mivivienda Credits Mortgage Credits financed by Intermediate Financial Institutions (IFI) with Fondo Mivivienda S.A (FMV) resources. Mivivienda Credits consist on: Nuevo Crédito Mivivienda, MiConstrucción, Financiamiento Complementario Techo Proprio, MiCasa Más and MiTerreno. A brief summary regarding the current products is shown, as follows: Nuevo Crédito Mivivienda: Mortgage credit given in Soles, fixed rate and 10 to 20-year financing term and a minimum down payment of 10%. This credit may finance the purchase of completed, in construction or in project houses that are of first sale or second use houses, which value ranges from 14 Applicable Tax Units (ATU) (S/ 55,300) to 70 ATU (S/ 276,500). MiConstrucción: Mortgage credit which allowing the real estate s owner to build, extend, improve or acquire a house with up to S/ 100,000 financing. This credit is given in Soles, fixed rate and up to 12-year financing term and prepayments without penalties may be performed. Financiamiento Complementario Techo Propio: Mortgage credit related to Techo Propio Program, given by a financial institution to cover the differential between the house s value to be acquired, built or improve and the family savings made along with the subsidy granted by the State. MiCasa Más: Mortgage credit given in Soles, fixed rate and 10 to 20-year financing term, with the possibility to make total or partial payments in advance. This credit allows the purchase of completed, in construction or in project houses, as long as they are of first sale or second use houses. The loan amount ranges from S/ 45,000 to S/ 270,000, with a minimum down payment of 20%, and the fee slippage of payment schedule in a chance occurrence or force majeure suspending temporally the income source. MiTerreno: Mortgage credit allowing the purchase of urban, private or public land for housing or workshop housing, which loan amount is up to S/ 50,000, with a minimum down payment of 30% of the land s value. This credit is given in Soles, with fixed rate and up to 8-year financing term. 3. Intermediate Financial Institutions (IFI) Financial System Companies that operate under the supervision of the Superintendencia de Banca, Seguros y AFP (SBS) and fullfill FMV's requirements. 4. Mortgage Delinquency The percentage of direct credits in default or in judicial collection regarding total credits. The mortgage delinquency rate of Mivivienda Credits presented in this bulletin measures the quality of Mivivienda Credits portfolio from IFI's in relation to sub-borrowers. 4

5 MIVIVIENDA PRODUCTS: SITUATION AT JUNE EXECUTIVE SUMMARY - Overall Figures In June 2016, 722 loans were placed, decreasing by 108 placements compared with May and by 90 placements compared to June 2015, this after four consecutive months of increases. This lower placement compared with June 2015 was due to the placement of the products Financiamiento Complementario Techo Propio and MiConstrucción, which declined by 103 and 90 credits respectively. In monetary terms, the amount disbursed was S/ 77 million, decreasing by S/ 5 million compared with June 2015 and by S/ 9 million compared with May In the period from January to June 2016, Mivivienda Credit s placements were 4,412, increasing by 248 compared with the same period of last year. In monetary terms, the amount disbursed was S/ 477 million, increasing by S/ 5 million compared with the amount disbursed in January-June In May 2016, Mivivienda credit s market share in the mortgage finance system was 29%, increasing by 9% compared with May As of June 30th, 2016, the book value of the Mivivienda credit portfolio amounted to S/ 6,084 million, increasing by 9.1% compared to the end of June 2015 and by 0.4% compared with the previous month. On the other hand, at the end of May 2016, the mortgage delinquency rate which measures the quality of Mivivienda credit portfolio from IFI with subborrowers- was 2.94%, increasing 0.14% compared to the end of April 2016; meanwhile, the mortgage delinquency rate without taking into account the CRAC Señor de Luren portfolio was 2.53%, increasing 0.1% compared with April Products By products, in June, placements under Nuevo Crédito Mivivienda modality main product of FMV with more than 95% share were 698, standing at the lowest level since March 2016; Financiamiento Complementario Techo Propio were 7 credits, decreasing by 108 compared with June 2015; MiConstrucción were 10 credits, decreasing by 32 compared with June 2015; MiCasa Más were 7 credits; and MiTerreno was not granted. In monetary terms, the amount disbursed of Nuevo Crédito Mivivienda was S/ 76 million, Financiamiento Complementario Techo Propio was S/ 140 thousand, MiConstrucción was S/ 559 thousand and MiCasa Más was S/ 1 million. Financial Intermediaries By financial institutions, out of 722 Créditos Mivivienda placed, 466 were channeled through bank (65% of the total), mainly through BCP (118), Banco Financiero (98) and Scotiabank (84); 144 credits were channeled through Municipal Saving and Loan Institutions (20% of the total), headed by Caja Sullana with 93; 69 credits through Financiera TFC (10% of total); 41 credits were channeled through Edpyme MiCasita (6% of total) and 2 through Credit Unions. Regions By region, in June, the placement in Metropolitan Lima (provinces of Lima and Callao) were 360 (50% of the total), decreasing by 18 compared with June 2015 and by 125 compared with May Meanwhile, the placement in provinces (Domestic except Metropolitan Lima) were 362, decreasing by 77 compared with June 2015, but it greater in 5 compared with the previous month. 5

6 1.1 Overall Figures 6

7 Jun 2014 Jul Aug Sep Oct Nov Dec Jan 2015 Feb Mar Apr May Jun Jul Aug Sep Oct Nov 32, 0 27, 0 22, 0 17, 0 12, 0 7,0 2,0-3,0 60, 0 50, 0 40, 0 30, 0 20, 0 10, 0 0,0 FMV STATISTICS: SITUATION AT JUNE 2016 CHART PLACEMENTS OF MIVIVIENDA CREDITS IN THE MORTGAGE MARKET 1/ (Number of credits disbursed) 25,3 29,1 31,0 24,7 25,6 25,8 26,2 28,6 24,1 21,4 21,0 20,4 26,0 27,5 27,0 22,4 27,7 28,0 23,3 30,2 25,2 22,6 26,8 29,0 Jun 2014 Jul Aug Sep Oct Nov Dec Jan 2015 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2016 Feb Mar Apr May Jun * Dec Jan 2016 Feb Mar Apr May Jun * FMV Financial System Total FMV Participation Rate (%) Source: SBS and FMV 1/ Includes all credit modalities sponsored by FMV. (*) Information on Financial System is not available as the date of preparation of this bulletin. CHART 1.1.2: DISBURSED AMOUNT OF MIVIVIENDA CREDITS IN THE MORTGAGE MARKET 1/ (In thousands of S/) 11,2 14,3 14,3 11,8 12,7 12,1 11,7 14,7 11,5 8,9 8,8 8,6 9,1 10,9 10,1 9,1 10,7 10,8 8,6 13,2 10,7 8,5 12,0 11,2 FMV Financial System Total FMV Participation Rate (%) Source: SBS and FMV 1/ Includes all credit modalities sponsored by FMV. (*) Information on Financial System is not available as the date of preparation of this bulletin. 7

8 May 2014 Jun Jul Aug Sep Oct Nov Dec Jan 2015 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2016 Feb Mar Apr May FMV STATISTICS: SITUATION AT JUNE 2016 CHART 1.1.3: MORTGAGE PORTFOLIO BALANCE OF MIVIVIENDA CREDITS AND FINANCIAL SYSTEM (In Millions of S/) 15,2 15,4 15,4 15,4 15,4 15,4 15,4 15,4 15,3 15,3 15,3 15,2 15,4 15,4 15,4 15,4 15,4 15,3 15,3 15,3 15,2 15,4 15,4 15,4 Jun 2014 Jul Aug Sep Oct Nov Dec Jan 2015 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2016 Feb Mar Apr May Jun * Mortgage Portfolio Balance of FMV 2/ Mortgage Portfolio Balance in the Financial System FMV Mortgage Portfolio Participation in the Financial System (%) Source: SBS and FMV (*) Information on Financial System is not available as the preparation of this bulletin. 2/ Trust Agreement COFIDE (Principal Balance). Neither provisions nor interests are considered. CHART 1.1.4: MORTGAGE PORTFOLIO DELINQUENCY OF FMV 1/ AND FINANCIAL SYSTEM (In percentages) FMV Average Rate (last 24 months): 2,11% 2,24 2,06 2,09 2,13 1,97 1,75 1,74 1,66 1,67 1,68 1,77 1,81 1,83 1,80 1,52 1,55 1,57 1,43 1,47 1,46 1,51 1,53 1,58 1,59 1,61 1,65 1,66 1,30 1,33 1,33 1,37 1,36 1,24 1,25 2,37 2,43 1,77 1,78 2,58 2,72 1,83 1,92 2,94 2,75 2,79 2,80 2,53 2,02 2,00 2,00 2,11 FMV Financial System Mortgage FMV sin CRAC Señor de Luren Source: SBS and FMV 1/ Delinquency rate of IFI regarding Mivivienda Credit Portfolio. 8

9 Products FMV STATISTICS: SITUATION AT JUNE 2016 CHART 1.1.5: PLACEMENTS OF MIVIVIENDA CREDITS BY PRODUCT QI Apr May Jun Jul Aug Sep Oct Nov Dic Total QI Abr May Jun 'Variation (Unit) Nuevo Crédito Mivivienda MiConstrucción Financiamiento Complementario TP MiCasa Más MiTerreno Total Jun 16 - Jun 15 Placements of Mivivienda Credits by Product Nuevo Crédito Mivivienda MiConstrucción FCTP MiCasa Más MiTerreno Jun Jul Aug Sep Oct Nov Dec 2015 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 Jan Feb Mar Apr May Jun CHART 1.1.6: PLACEMENTS OF MIVIVIENDA CREDITS PER TYPE OF IFI AND IN ACCORDANCE TO IFI Placements of Mivivienda Credits per Type of IFI June Part. % Bank CMAC 1/ Finance Company Edpyme 2/ CAC 3/ Banco 65% CMAC 20% Finance Company 10% Edpyme 6% CAC 0.3% Placements of Mivivienda Credits per Type of IFI June Part. % Banco Financiero 14% CMAC Sullana 13% Scotiabank 12% Financiera TFC 10% Interbank 8% BCP 16% Otras IFI 14% BBVA 7% BIF 7% BCP Banco Financiero CMAC Sullana Scotiabank Financiera TFC Interbank BIF BBVA Otras IFI Note: 1/ Municipal Savings and Loans Institutions 2/ micro-enterprise Development Company 3/ Credit Unions 9

10 FMV STATISTICS: SITUATION AT JUNE 2016 CHART PLACEMENTS OF MIVIVIENDA CREDITS ACCORDING TO METROPOLITAN LIMA 1/ Y PROVINCES Mivivienda Credits according to Metropolitan Lima and Provinces Provinces Metropolitan Lima Jun 2015 Jul Aug Sep Oct Nov Dec Jan 2016 Feb Mar Apr May Jun Mivivienda Credits according to Metropolitan Lima and Provinces ( Part. %) 54% 41% 53% 47% 51% 54% 50% 51% 42% 53% 45% 42% 50% Provinces Metropolitan Lima 46% 59% 47% 53% 49% 46% 50% 49% 58% 47% 55% 58% 50% Jun 2015 Jul Aug Sep Oct Nov Dec Jan 2016 Feb Mar Apr May Jun 1/ Metropolitan Lima considers the provinces of Lima and Callao. CHART 1.1.8: PLACEMENTS OF MIVIVIENDA CREDITS BY REGION 1/ Mivivienda Credits by Region June 2016 Mivivienda Credits by Region - June NOTe: 1/ The brighter colors indicate greater number of placements. 10

11 1.2 Products, Financial Institutions and Regions 11

12 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 1.2.1: DISBURSEMENTS OF MIVIVIENDA CREDITS AS OF JUNE 30, 2016 a/ From July b/ Accumulated from January to June c/ The credits granted in Dollars from 1999 to 2009 were converted into Soles with the exchange rate as of the closure of June 2016 (S/ 3.289). Year MIVIVIENDA Tradicional TABLE 1.2.2: DISBURSEMENTS OF MIVIVIENDA CREDITS BY PRODUCT c/ AS OF JUNE 30, 2016 Financiamiento Complementario Techo Propio Number Amount c/ (In thousands of S/) TOTAL a/ From July b/ Accumulated from January to June. c/ The periods of placement of Mivivienda Credits of the previous table are the following: c.1 MIVIVIENDA Tradicional: July 1999 April 2006 c.2 Financiamiento Complementario Techo Propio : since November Up to the present c.3 Cobertura de Riesdo PBP: May 2006 October The total number of credits (5,399) were not attended with resources of the FMV S.A. c.4 MIVIVIENDA Estandarizado: from July 2006 November 2009 c.5 MIHOGAR: MARCH 2007 August c.6 Nuevo Crédito Mivivienda: were place from June 2009 Up to the present c.7 MICONSTRUCCIÓN: from July 2012 Up to the present c.8 MI CASA MÁS: January 2014 Up to the present c.9 MITERRENO: March 2014 Up to the present. Year Credits Disbursed Number Accumulated Amount c/ (In thousands of S/) 1999 a/ b/ Cobertura de Riesgo PBP MIVIVIENDA Estandarizado MiHOGAR Number of credits disbursed Nuevo Crédito Mivivienda MiConstrucción MICASA MÁS MITERRENO Total TOTAL a/ b/

13 Year MIVIVIENDA Tradicional FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 1.2.3: DISBURSEMENTS OF MIVIVIENDA CREDITS BY PRODUCT AS OF JUNE 30, 2016 Financiamiento Complementario Techo Propio Cobertura de Riesgo PBP MIVIVIENDA Estandarizado MiHOGAR In Thousands of S/ c/ Nuevo Crédito Mivivienda a/ From July b/ Accumulated from January to June c/ The credits granted in Dollars from 1999 to 2009 were converted into Soles with the exchange rate as of the closure of June 2016 (S/ 3.289). MiConstrucción MICASA MÁS MITERRENO Total TOTAL a/ b/ Destination a/ From July b/ Accumulated from January to June TABLE 1.2.4: DISBURSEMENTS OF MIVIVIENDA CREDITS BY DESTINATION AND PRODUCT AS OF JUNE 30, 2016 Product a/ b/ Total TOTAL Housing in construction MIVIVIENDA Tradicional Financiamiento Complementario Techo Propio Cobertura de Riesgo PBP MIVIVIENDA Estandarizado MiHOGAR Nuevo Crédito Mivivienda MiConstrucción MICASA MÁS Land MITERRENO Finished housing Number of credits disbursed MIVIVIENDA Tradicional Financiamiento Complementario Techo Propio Cobertura de Riesgo PBP MIVIVIENDA Estandarizado MiHOGAR Nuevo Crédito Mivivienda MICASA MÁS Housing in enlargement MiConstrucción Housing Improvement MiConstrucción Second use housing Nuevo Crédito Mivivienda Construction of housing in Nuevo Crédito Mivivienda owned land 1/ 13

14 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 1.2.5: PLACEMENTS OF MIVIVIENDA CREDITS, ACCORDING TO TYPE AND FINANCIAL ENTITY AS OF JUNE 30, 2016 Type of IFI IFI a/ b/ Total Number of credits disbursed TOTAL Banco Falabella BIF Comercio Continental Crédito Financiero Bank Interbank Mi Banco Scotiabank Sudamericano Trabajo Wiese Sudameris Banco GNB Peru AELUCOOP CAC Abaco CAC El Pacífico CAC San Francisco CAC c/ CAC San Martín de Porres CAC Santa María Magdalena La Rehabilitadora Prestasur CAC Quillacoop Caja Metropolitana CMAC Huancayo CMAC Ica CMAC Maynas CMAC d/ CMAC Paita CMAC Piura CMAC Sullana CMAC Tacna CMAC Trujillo Crac Caja Sur CRAC Credinka CRAC Cruz de Chalpón CRAC Nor Perú CRAC e/ CRAC Nuestra Gente CRAC Prymera CRAC San Martín Crac Sr. De Luren Edpyme Confianza Edpyme Crear Arequipa Edpyme f/ Edpyme Edyficar Edpyme MiCasita Edpyme Nueva Visión Financiera CMR Finance Company Financiera Confianza S.A.A Financiera Solución Financiera TFC Mortgage Company Hipotecaria SURA Other Hipotecaria SURA g/ a/ From July b/ Accumulated from January to June c/ Credit Unions d/ Municipal Savings and Loans Institutions e/ Rural Saving and Loans Institutions f/ micro-enterprise Development Company g/ Mortgage Management Company (EAH, per its Spanish acronym) 14

15 Region MIVIVIENDA Tradicional FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 1.2.6: PLACEMENTS OF MIVIVIENDA CREDITS BY PRODUCT AND REGION AS OF JUNE 30, 2016 Financiamiento Complementario Techo Propio Cobertura de Riesgo PBP MIVIVIENDA Estandarizado MiHOGAR Number of credits disbursed Nuevo Crédito Mivivienda MiConstrucción MICASA MÁS MITERRENO Total TOTAL AMAZONAS ANCASH APURIMAC AREQUIPA AYACUCHO CAJAMARCA CALLAO CUSCO HUANCAVELICA HUANUCO ICA JUNIN LA LIBERTAD LAMBAYEQUE LIMA LORETO MADRE DE DIOS MOQUEGUA PASCO PIURA PUNO SAN MARTIN TACNA TUMBES UCAYALI CHART No : PLACEMENTS OF MIVIVIENDA CREDITS BY REGION (As of June 30, 2016) LIMA ICA LA LIBERTAD AREQUIPA LAMBAYEQUE PIURA CALLAO JUNIN SAN MARTIN CUSCO ANCASH PUNO CAJAMARCA UCAYALI TACNA MOQUEGUA AYACUCHO APURIMAC HUANUCO AMAZONAS LORETO TUMBES PASCO MADRE DE DIOS HUANCAVELICA

16 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 1.2.7: PLACEMENTS OF MIVIVIENDA CREDITS BY REGION AND ACCORDING TO THE TYPE OF PRODUCT Region a/ Accumulated from January to June a/ TOTAL AMAZONAS Nuevo Crédito MIVIVIENDA ANCASH Cred. Complementario TP MICONSTRUCCION 5 2 Nuevo Crédito MIVIVIENDA APURIMAC Nuevo Crédito MIVIVIENDA AREQUIPA AYACUCHO CAJAMARCA CALLAO CUSCO MITERRENO 2 Cred. Complementario TP MICASA MAS MICONSTRUCCION Nuevo Crédito MIVIVIENDA MICONSTRUCCION 8 1 Nuevo Crédito MIVIVIENDA MICONSTRUCCION Nuevo Crédito MIVIVIENDA Cred. Complementario TP 1 MICASA MAS 1 MICONSTRUCCION Nuevo Crédito MIVIVIENDA MICONSTRUCCION Nuevo Crédito MIVIVIENDA HUANCAVELICA Nuevo Crédito MIVIVIENDA 1 2 HUANUCO Nuevo Crédito MIVIVIENDA ICA JUNIN LA LIBERTAD LAMBAYEQUE LIMA LORETO Cred. Complementario TP MICONSTRUCCION Nuevo Crédito MIVIVIENDA MICASA MAS 2 MICONSTRUCCION 1 1 Nuevo Crédito MIVIVIENDA Cred. Complementario TP MICASA MAS 3 2 MICONSTRUCCION Nuevo Crédito MIVIVIENDA MITERRENO 1 Cred. Complementario TP MICONSTRUCCION Nuevo Crédito MIVIVIENDA MITERRENO 3 Cred. Complementario TP MICASA MAS MICONSTRUCCION Nuevo Crédito MIVIVIENDA MICONSTRUCCION 1 Nuevo Crédito MIVIVIENDA MADRE DE DIOS Nuevo Crédito MIVIVIENDA MOQUEGUA MICONSTRUCCION Nuevo Crédito MIVIVIENDA PASCO Nuevo Crédito MIVIVIENDA PIURA PUNO SAN MARTIN TACNA TUMBES UCAYALI Product Number of credits disbursed Cred. Complementario TP MICASA MAS MICONSTRUCCION Nuevo Crédito MIVIVIENDA Cred. Complementario TP 9 Annual Nuevo Crédito MIVIVIENDA Cred. Complementario TP MICONSTRUCCION 1 5 Nuevo Crédito MIVIVIENDA MICONSTRUCCION Nuevo Crédito MIVIVIENDA MICONSTRUCCION Nuevo Crédito MIVIVIENDA Cred. Complementario TP Nuevo Crédito MIVIVIENDA

17 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 1.2.8: DISBURSEMENTS OF MIVIVIENDA CREDITS IN THE FINANCIAL SYSTEM, BY REGION AND YEARS (As of June 30, 2016) Number of Credits per Year Amount per Year (In thousands of S/)c/ Region a/ b/ TOTAL Region a/ b/ TOTAL AMAZONAS AMAZONAS ANCASH ANCASH APURIMAC APURIMAC AREQUIPA AREQUIPA AYACUCHO AYACUCHO CAJAMARCA CAJAMARCA CALLAO CALLAO CUSCO CUSCO HUANCAVELICA HUANCAVELICA HUANUCO HUANUCO ICA ICA JUNIN JUNIN LA LIBERTAD LA LIBERTAD LAMBAYEQUE LAMBAYEQUE LIMA LIMA LORETO LORETO MADRE DE DIOS MADRE DE DIOS MOQUEGUA MOQUEGUA PASCO PASCO PIURA PIURA PUNO PUNO SAN MARTIN SAN MARTIN TACNA TACNA TUMBES TUMBES UCAYALI UCAYALI Total Total a/ From July b/ Accumulated from January to June c/ The credits granted in Dollars from 1999 to 2009 were converted into Soles with the exchange rate at the end of June 2016 (S/ 3.289). TABLE 1.2.9: DISBURSEMENTS OF MIVIVIENDA CREDITS ACCORDING TO BANKS, REGION AND YEARS (As of June 30, 2016) Number of Credits per Year Amount per Year (In thousands of S/)c/ Region a/ b/ TOTAL Region a/ b/ TOTAL AMAZONAS AMAZONAS ANCASH ANCASH APURIMAC APURIMAC AREQUIPA AREQUIPA AYACUCHO AYACUCHO CAJAMARCA CAJAMARCA CALLAO CALLAO CUSCO CUSCO HUANCAVELICA HUANCAVELICA HUANUCO HUANUCO ICA ICA JUNIN JUNIN LA LIBERTAD LA LIBERTAD LAMBAYEQUE LAMBAYEQUE LIMA LIMA LORETO LORETO MADRE DE DIOS MADRE DE DIOS MOQUEGUA MOQUEGUA PASCO PASCO PIURA PIURA PUNO PUNO SAN MARTIN SAN MARTIN TACNA TACNA TUMBES TUMBES UCAYALI UCAYALI Total Total a/ From July b/ Accumulated from January to June c/ The credits granted in Dollars from 1999 to 2009 were converted into Soles with the exchange rate at the end of June 2016 (S/ 3.289). 17

18 TABLE : DISBURSEMENTS OF MIVIVIENDA CREDITS ACCORDING TO MUNICIPAL SAVINGS, REGION AND YEARS Number of Credits per Year FMV STATISTICS: SITUATION AT JUNE 2016 (As of June 30, 2016) a/ From July b/ Accumulated from January to June c/ The credits granted in Dollars from 1999 to 2009 were converted into Soles with the exchange rate at the end of June 2016 (S/ 3.289). Amount per Year (In thousands of S/)c/ Region a/ b/ TOTAL Region a/ b/ TOTAL AMAZONAS AMAZONAS ANCASH ANCASH APURIMAC APURIMAC AREQUIPA AREQUIPA AYACUCHO AYACUCHO CAJAMARCA CAJAMARCA CALLAO CALLAO CUSCO CUSCO HUANCAVELICA HUANCAVELICA HUANUCO HUANUCO ICA ICA JUNIN JUNIN LA LIBERTAD LA LIBERTAD LAMBAYEQUE LAMBAYEQUE LIMA LIMA LORETO LORETO MADRE DE DIOS - MADRE DE DIOS MOQUEGUA MOQUEGUA PASCO PASCO PIURA PIURA PUNO PUNO SAN MARTIN SAN MARTIN TACNA TACNA TUMBES TUMBES UCAYALI UCAYALI Total Total TABLE : DISBURSEMENTS OF MIVIVIENDA CREDITS ACCORDING TO RURAL SAVINGS, REGION AND YEARS Number of Credits per Year (As of June 30, 2016) a/ From July b/ Accumulated from January to June c/ The credits granted in Dollars from 1999 to 2009 were converted into Soles with the exchange rate at the end of June 2016 (S/ 3.289). Amount per Year (In thousands of S/)c/ Region a/ b/ TOTAL Region a/ b/ TOTAL AMAZONAS AMAZONAS ANCASH ANCASH APURIMAC APURIMAC AREQUIPA AREQUIPA AYACUCHO AYACUCHO CAJAMARCA CAJAMARCA CALLAO CALLAO CUSCO CUSCO HUANCAVELICA HUANCAVELICA HUANUCO HUANUCO ICA ICA JUNIN JUNIN LA LIBERTAD LA LIBERTAD LAMBAYEQUE LAMBAYEQUE LIMA LIMA LORETO LORETO MADRE DE DIOS MADRE DE DIOS MOQUEGUA MOQUEGUA PASCO PASCO PIURA PIURA PUNO PUNO SAN MARTIN SAN MARTIN TACNA TACNA TUMBES TUMBES UCAYALI UCAYALI Total Total

19 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE : DISBURSEMENT OF MIVIVIENDA CREDITS ACCORDING TO OTHER CATEGORIES OF IFI, BY REGION AND YEARS (As of June 30, 2016) Number of Credits per Year Region a/ b/ TOTAL AMAZONAS ANCASH APURIMAC AREQUIPA AYACUCHO CAJAMARCA CALLAO CUSCO HUANCAVELICA HUANUCO ICA JUNIN LA LIBERTAD LAMBAYEQUE LIMA LORETO MADRE DE DIOS MOQUEGUA PASCO PIURA PUNO SAN MARTIN TACNA TUMBES UCAYALI Total Amount per Year (In thousands of S/)c/ Region a/ b/ TOTAL AMAZONAS ANCASH APURIMAC AREQUIPA AYACUCHO CAJAMARCA CALLAO CUSCO HUANCAVELICA HUANUCO ICA JUNIN LA LIBERTAD LAMBAYEQUE LIMA LORETO MADRE DE DIOS MOQUEGUA PASCO PIURA PUNO SAN MARTIN TACNA TUMBES UCAYALI Total a/ From July b/ Accumulated from January to June c/ The credits granted in Dollars from 1999 to 2009 were converted into Soles with the exchange rate at the end of June 2016 (S/ 3.289). 19

20 Type of IFI 2014 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE : PLACEMENT OF MIVIVIENDA CREDITS, BY TYPE OF FINANCIAL INSTITUTION AND YEARS (As of June 30, 2016) Number of Credits by Type IFI 2015 QI Apr May Jun Jul Aug Sep Oct Nov Dic Total QI Apr May Jun Var. (Units) Bank CMAC a/ CRAC b/ Remainder Entities CAC c/ Edpyme Finance Company Mortgage Otros Total Jun16 - Jun15 Type of IFI 2014 Credit Amount by Type of IFI (In thousands of S /) 2015 QI Apr May Jun Jul Aug Sep Oct Nov Dic Total QI Apr May Jun Bank CMAC a/ Var. (Units) CRAC b/ Remainder Entities CAC c/ Edpyme Finance Company Mortgage Otros Total Jun16 - Jun15 a/ Municipal Saving and Loan Institutions b/ Rural Saving and Loan Institutions c/ Credits Union 20

21 CHAPTER II Fondo Mivivienda S.A. Principal Supporter of Housing in Peru 21

22 BONO FAMILIAR HABITACIONAL - GLOSSARY - 1. Bono Familiar Habitacional (BFH) BFH is a one-time subsidy granted by the Government to families registered in the Techo Propio program and fullfill its requariments as a direct financial support, free of charge for reimbursement, in order to facilitate their access to a house in the Techo Propio Program. 2. Authorized Centers Are establishments located in local government offices with personnel trained to provide information about BFH and Mivivienda products. Authorized Centers are the result of the cooperation between local government and FMV. 3. Signed Agreements With the purpose of promoting the creation of social interest housing, as well as the access to a decent housing for population with lower resources, FMV signed Cooperation Agreements with several local governments. One of its objectives is to identify areas that can be assigned for real estate project development. 4. Technical Entities Technical entities are natural or legal entities in charge of promoting, developing, constructing and/or supervising Techo Propio Program construction projects. 22

23 Products and Modalities BONO FAMILIAR HABITACIONAL: SITUATION AT JUNE EXECUTIVE SUMMARY - In June 2016, 5,966 bonuses of BFH were granted, increasing by 3,062 compared with June 2015 and 1,374 compared with May In monetary terms, S/ 112 million were disbursed, increasing by S/ 59 million compared to the amount disbursed in June 2015 and S/ 24 million compared with the previous month. By modalities: Construction on Owned Land, the main bonus mechanism with approximately 93% of participation, granted 5,656 bonuses (equivalent to S/ 107,8 million), increasing by 3,030 compared with June 2015; Housing Improvement granted 216 bonuses (equivalent to S/ 1,9 million), increasing by 114 compared with June 2015; and New Housing Acquisition granted 94 bonuses (equivalent to S/ 1,8 million), with a decline of 82 compared to June In the period from January to June 2016, 26,238 bonuses were granted (equivalent to S/ 486 million), increasing by 5,440 (S/ 109 million) compared with the same period of last year. Regions By region, 69% of BFH's were granted within five regions: La Libertad 952, San Martín 930, Piura 902, Ica 765 and Ancash 582. Authorized Centers and Signed Agreements At the end of June 2016, the total of authorized centers at a national level was 1,013, increasing by 6 compared with May. New authorized centers were opened in La Libertad, Ica, Piura, Lima and Madre de Dios. At the end of the first semester of this year, regions with the largest amount of authorized centers were: Ayacucho (99), Junín (94), San Martín (74) and Arequipa (74). Meanwhile, signed agreements within the country reached 1,090, increasing by 3 compared with May. At the end of the first semester of this year, regions with the largest amount of signed agreements were: Junín (110), Ayacucho (103), Arequipa (95) and Cusco (86). Technical Entities At the end of June 2016, the number of current Technical Entities reached 610 entities, increasing by 15 compared with the previous month. Regions with new Technical Entities are: La Libertad 7, Lima 4, San Martín 3 and Piura 1. Approximately 70% of Technical Entities are located within three regions: La Libertad with 34% (200), Lima 24% (141) and Ica 11% (68). 23

24 Overall Figures 24

25 FMV STATISTICS: SITUATION AT JUNE 2016 CHART 2.1.1: NUMBER AND AMOUNT OF BFH (Number of bonus disbursed and millions of Soles) ,2 90, ,7 90,3 83,4 88, , ,8 74,2 60,7 61, , ,7 76,2 72, ,3 119,4 145, , ,6 83,4 84,7 87,7 111,5 25,0 Jun 2014 Jul Aug Sep Oct Nov Dec Jan 2015 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2016 Feb Mar Apr May Jun Number Amount (millions of S/) CHART 2.1.2: NUMBER OF BFH BY MODALITY (Number of bonus disbursed) , , , Jun 2014 Jul Aug Sep Oct Nov Dec Jan 2015 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan 2016 Feb Mar Apr May Jun Construction on Owned Land New Housing Acquisition Housing Improvement 25

26 FMV STATISTICS: SITUATION AT JUNE 2016 CHART 2.1.3: NUMBER AND AMOUNT OF BFH BY MODALITY Number de BFH Mechanisms Var. (Units) QI April May Jun Jul Aug Sep Oct Nov Dic Total QI April May Jun Jun16-Jun15 Construction on Owned Land New Housing Acquisition Housing Improvement Total Amount de BFH disbursed (miles de S/) Mechanisms Var. (Units) QI April May Jun Jul Aug Sep Oct Nov Dic Total QI April May Jun Jun16-Jun15 Construcción en Sitio Propio New Housing Acquisition Housing Improvement Total CHART 2.1.4: NUMBER AND AMOUNT OF BFH BY REGION 1/ BFH by Region - June Number of BFH by Region - June / Intense colors indicate larger disbursements of BFH. 26

27 2.1 Disbursements, Modalities and Regions 27

28 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 2.1.1: DISBURSEMENTS OF BFH AS OF JUNE 30, 2016 Year Number Bonus disbursed Amount ( Thousands of S/) TOTAL Number Accumulated Amount (Thousands of S/) 2003 a/ b/ a/ From July b/ Accumulated January-June. TABLE 2.1.2: NUMBER OF DISBURSEMENTS OF BFH PER YEARS AND BY MODALITYc/AS OF JUNE 30, 2016 Year New Housing Acquisition Construction on Owned Land Housing Improvement Total Number of bonus dibursed TOTAL a/ b/ CHART 2.1.1: NUMBER OF BFH, PER YEARS (As of June 30, 2016) a/ b/ a/ From August b/ Accumulated January-June. c/ BFH include 3 modalities: New Housing Acquisition, in force since August 2003; Construction on Owned Land, in force since July 2005 (include rural area construction); and Housing Improvement, in force since May

29 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 2.1.3: AMOUNT OF BFH DISBURSEMENTS PER YEAR AND BY MODALITY AS OF JUNE 30, 2016 Year New Housing Acquisition Construction on Owned Land Housing Improvement Total a/ From August b/ Accumulated January-June. Thousands of S/ TOTAL a/ b/ CHART 2.1.2: AMOUNT DISBURSED OF BFH PER YEAR (Thousands of S/ as of June 30, 2016) a/ b/ a/ From August b/ Accumulated January-June. CHART 2.1.3: AMOUNT DISBURSED OF BFH BY MODALITY (Thousands of S/ as of, June 30, 2016) , ,6 0, ,7 2,8 67, , , ,5 31,3 376, ,4 21,9 23,4 23, ,6 23,3 0,1 0,2 4, a/ b/ Construcción Construction en on Sitio Owned Propio Land Adquisición New Housing de Acquisition Vivienda Nueva Mejoramiento Housing Improvement de Vivienda a/ From August b/ Accumulated January-June. 29

30 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 2.1.4: NUMBER OF BFH DISBURSEMENTS BY REGIONS AND YEARS AS OF JUNE 30, 2016 Region 2003 a/ b/ Total a/ From August b/ Accumulated January-June. Number of bonus disbursed TOTAL AMAZONAS ANCASH APURIMAC AREQUIPA AYACUCHO CAJAMARCA CALLAO CUSCO HUANCAVELICA HUANUCO ICA JUNIN LA LIBERTAD LAMBAYEQUE LIMA LORETO MADRE DE DIOS MOQUEGUA PASCO PIURA PUNO SAN MARTIN TACNA TUMBES UCAYALI CHART 2.1.4: NUMBER OF BHF DISBURSEMENTS BY REGION (As of June 30, 2016) ICA LA LIBERTAD LIMA PIURA SAN MARTIN LAMBAYEQUE ANCASH CALLAO JUNIN AREQUIPA AYACUCHO HUANCAVELICA AMAZONAS LORETO PUNO CAJAMARCA HUANUCO UCAYALI TACNA CUSCO TUMBES APURIMAC MOQUEGUA PASCO MADRE DE DIOS

31 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 2.1.5: AMOUNT OF BFH DISBURSEMENTS BY REGION AND YEARS AS OF JUNE 30, 2016 Region 2003 a/ b/ Total a/ From August b/ Accumulated January-June. Thousands of S/ TOTAL AMAZONAS ANCASH APURIMAC AREQUIPA AYACUCHO CAJAMARCA CALLAO CUSCO HUANCAVELICA HUANUCO ICA JUNIN LA LIBERTAD LAMBAYEQUE LIMA LORETO MADRE DE DIOS MOQUEGUA PASCO PIURA PUNO SAN MARTIN TACNA TUMBES UCAYALI CHART 2.1.5: AMOUNT DISBURSED OF BFH BY REGION (Thousands of S/ as of June 30,2016) LIMA ICA MOQUEGUA APURIMAC PASCO CAJAMARCA AMAZONAS LA LIBERTAD JUNIN TUMBES PUNO HUANCAVELICA AREQUIPA LAMBAYEQUE PIURA LORETO SAN MARTIN HUANUCO ANCASH UCAYALI TACNA CUSCO MADRE DE DIOS CALLAO AYACUCHO

32 FMV STATISTICS: SITUATION AT JUNE 2016 TABLE 2.1.6: NUMBER OF BFH DISBURSEMENTS BY REGION AND MODALITY AS OF JUNE 30, 2016 Region New Housing Acquisition Construction on Owned Land Housing Improvement Total Number of bonus disbursed TOTAL AMAZONAS ANCASH APURIMAC AREQUIPA AYACUCHO CAJAMARCA CALLAO CUSCO HUANCAVELICA HUANUCO ICA JUNIN LA LIBERTAD LAMBAYEQUE LIMA LORETO MADRE DE DIOS MOQUEGUA PASCO PIURA PUNO SAN MARTIN TACNA TUMBES UCAYALI TABLE 2.1.7: AMOUNT OF BFH DISBURSEMENTS BY REGION AND MODALITY AS OF JUNE 30, 2016 Region New Housing Acquisition Construction on Owned Land Housing Improvement Total Thousands of S/ TOTAL AMAZONAS ANCASH APURIMAC AREQUIPA AYACUCHO CAJAMARCA CALLAO CUSCO HUANCAVELICA HUANUCO ICA JUNIN LA LIBERTAD LAMBAYEQUE LIMA LORETO MADRE DE DIOS MOQUEGUA PASCO PIURA PUNO SAN MARTIN TACNA TUMBES UCAYALI

33 2.2 Authorized Centers, Signed Agreements and Technical Entities 33

34 CHART 2.2.1: SIGNED AGREEMENTS & AUTHORIZED CENTERS (Updated as of June 30, 2016) AYACUCHO JUNIN AREQUIPA SAN MARTIN CUSCO HUANCAVELICA PUNO HUANUCO LA LIBERTAD ICA CAJAMARCA LAMBAYEQUE PIURA APURIMAC AMAZONAS LIMA TACNA MOQUEGUA ANCASH PASCO LORETO TUMBES MADRE DE DIOS UCAYALI CALLAO AUTHORIZED CENTERS SIGNED AGREEMENTS 110 Total of Authorized Centers: 1,013 Total of Signed Agreements: 1,090 CHART 2.2.2: NUMBER OF CURRENT TECHNICAL ENTITIES BY REGION (Updated as of June 30, 2016) Number of Current Technical Entities by Region Technical Entities by Region LA LIBERTAD 207 LIMA 145 ICA 68 SAN MARTIN 49 PIURA 45 LAMBAYEQUE 26 JUNIN 16 ANCASH 13 CAJAMARCA 9 CALLAO 4 AMAZONAS 4 CUSCO 3 HUANUCO 3 LORETO 5 MOQUEGUA 3 APURIMAC 2 AREQUIPA 2 UCAYALI HUANCAVELICA 2 1 Total Number: 610 MADRE DE DIOS 1 PASCO 1 TACNA 1 Social and Building Project Management 34

35 CHAPTER III 35

36 -EXECUTIVE SUMMARY- Bono de Protección de Viviendas Vulnerables a los Riesgos Sísmicos (Housing Protection against Seismic Risk Bonus) In June 2016, 94 bonuses were granted (equivalent to S/ 1,4 million) decreasing 186 compared with the previous month. The districts benefited by these bonuses were: San Juan de Lurigancho (55), San Juan de Miraflores (19), Carabayllo (17) y Comas (3). It essential to point out that San Juan de Miraflores benefited from these bonuses for the first time. In the period from January 2015 to June 2016, 1,566 bonuses were granted, this is equivalent to a disbursement of S/ 22 million. By districts, the principal beneficiaries of the bonuses granted were San Juan de Lurigancho with 553 and Comas with 413. TABLE 3.1: NUMBER AND AMOUNT OF BPVV DISBURSEMENTS BY DISTRICTS AS OF JUNE 30, / Month/Year ATE CARABAYLLO COMAS INDEPENDENCIA PUENTE PIEDRA SAN JUAN DE LURIGANCHO SAN JUAN DE MIRAFLORES Number Amount 2/ Number Amount 2/ Number Amount 2/ Number Amount 2/ Number Amount 2/ Number Amount 2/ Number Amount 2/ Number Amount 2/ Number Amount 2/ Number Amount 2/ VENTANILLA VILLA MARÍA DEL TRIUNFO Total TOTAL Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dic Jan Feb Mar Apr May Jun / According to the program meetings, the BPVV is only applied in the districts of Comas, Carabayllo, El Agustino, Independencia, Puente Piedra, San Juan de Lurigancho, Ventanilla, San Juan de Miraflores, Villa María del Triunfo, Pachacamac y Ancón. 2/ Expressed in thousands of Soles CHART 3.1: NUMBER AND AMOUNT OF BPVV DISBURSEMENTS BY DISTRICTS AS OF JUNE 30, 2016 Number of BPVV: January 2015-June Jan Feb Mar Apr May Jun Jul Ago Sep Oct Nov Dec Jan Number Amount in thousands of S/ Feb Mar Abr May Jun 36