The Ministry of Urbanism, Housing and Habitat (MUVH) has launched Che Róga Porã 3.0, a new phase of the Paraguayan government's housing program that expands access to credit for families earning between 6 and 9 minimum wages. The maximum loan amount reaches G. 792 million, with terms of up to 30 years and an interest rate of 9.9%.
The main novelty is the inclusion of a new access segment for families with a monthly income of up to G. 26,091,432 (9 minimum wages), previously limited to 6 minimum wages (G. 17,394,288). The program also expands financing coverage to the entire Central and Presidente Hayes departments (administrative divisions), in addition to incorporating Prodesi, a new credit line aimed at real estate development companies, with a 9.9% rate and a 5-year term.
For applicants outside Asunción, the credit amount has been raised from G. 609 million to G. 652 million, also at a 9.9% rate and a term of 20 to 30 years. The program's payment calculator shows installments starting at G. 870,191 for G. 100 million financings over 30 years, reaching G. 6,935,422 for G. 792 million loans over the same period. A person taking out a G. 200 million loan will pay G. 1,740,382 monthly over 30 years or G. 1,916,811 over 20 years.
Minister Juan Carlos Baruja highlighted that the program's rate is lower than that charged by the financial system, which hovers around 13% to 15% with maximum terms of 15 years. "We are going to double the term and lower the rate for citizens," he stated.
Che Róga Porã has accumulated more than 5,500 homes and approved and pending loans, totaling USD 185 million across 17 departments of the country. The average age of applicants is 34, with an average loan amount of G. 300 million and an average term of 27 years.
To make the new modalities viable, the government will need a new loan of USD 200 million. The program's initial funding was USD 259 million, and within two years cumulative disbursements reached USD 185 million, leaving only USD 73.4 million in available resources. The estimated need is USD 250 million for 2026 and USD 155 million for each of the years 2027 and 2028.
Stella Guillén, head of the Development Finance Agency (AFD), explained that the innovations in Che Róga Porã 3.0 respond to the rise in land values and the need to keep pace with market changes. She emphasized that the expansion of the coverage area to the metropolitan region, including Presidente Hayes, is justified by the public policy of urban densification and the mobilization of real estate resources in the area. "Thus becoming the most ambitious housing program ever financed through the Government," Guillén stated.
The AFD reached in May the total placement estimated for the entire year of 2026, exceeding USD 86 million. Financing for developers, according to Guillén, will help reduce construction costs and, consequently, lower the installments for beneficiary families.