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IDB Invest, Creditú Join Forces to Democratize Chile’s Middle-Class Access to Home-Ownership

IDB Invest has granted a $50 million revolving line of credit to a private investment fund in Chile, structured exclusively to purchase mortgage assets originated and managed by Creditú (a fintech part of the AVLA Group). The financing consists of a committed amount of $30 million and an uncommitted amount of $20 million. Its objective is to improve access to financing for middle-income people, with special emphasis on social housing.


The resources of the revolving line of credit will be used to purchase and accumulate mortgage loans for housing in segments that are not served by banks, originated by Creditú and insured by AVLA Seguros, for a future securitization of assets in the local capital market. Several securitization cycles are expected within the line, with a maximum availability period of 6 years.


This financing deal will support the growth of a portfolio of social housing mortgages, allowing the creation of a new asset class in Chilean capital markets that will eventually contribute to increasing access to social mortgages. Additionally, IDB Invest and Grupo AVLA work together to define a taxonomy adjusted to their portfolio, in order to capture and report information related to vulnerable populations and home-owning women.


This transaction is expected to contribute to three United Nations Sustainable Development Goals (SDGs): No Poverty (SDG 1), Sustainable Cities and Communities (SDG 11), and Partnerships for the Goals (SDG 17).



About IDB Invest


IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $14.1 billion in asset management and 325 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.


About the AVLA Group


AVLA is a global insurance group that offers comprehensive solutions through Guarantee Insurance, Credit Insurance, Financing for SMEs and mortgage credit. AVLA currently operates in Chile, Peru, Mexico and Brazil, providing support to more than 55,000 small and medium-sized companies throughout the region. For more information, visit


About Creditú


Creditú is a Chilean fintech founded in 2017 that provides mortgage financing to middle-class families, and financing to small and medium-sized companies. To date, it manages more than 3,000 mortgage loans and 800 SME loans originated in Chile, Peru, Mexico and Brazil, for more than USD 450 million. Creditú combines financial innovation with technology to democratize access to financing and reinventing the customer experience through a digital, fast and inclusive service.