Category: Financing and loans
Che Róga Porã
Paraguay state-subsidized housing loan program backed by AFD, with a fixed 6.5% annual rate and up to 30-year term, for primary residence.
"Che Róga Porã" (Guaraní: "My beautiful home") is the Paraguayan government's flagship housing program. Operated via the Agencia Financiera de Desarrollo (AFD) through authorized banks and cooperatives. Fixed 6.5% annual rate, up to 30-year term, maximum amount (modality 2.Centro, urban) of about Gs. 724,762,000 (≈ USD 105,000) or Gs. 608,800,080 for the rest of the country. Monthly payment capped at 30% of gross income (DTI). Requires first-home status and meeting income caps. Much cheaper than a standard bank mortgage (~13% annual), making it Paraguay's most sought-after primary-residence financing.
Example
A couple with combined monthly income of Gs. 12,000,000 applies for Che Róga Porã on a Gs. 600,000,000 house in Luque. Over 30 years at 6.5% fixed, the monthly payment is about Gs. 3,790,000 — within the 30% DTI cap. Without Che Róga Porã, the same loan at 13% bank rate would cost about Gs. 6,640,000/month.
Sources
Related terms
AFD (Development Finance Agency)
Paraguay's second-tier public bank that funds private banks and cooperatives so they can lend in strategic sectors — including housing.
Primera Vivienda AFD
AFD program for buying a first residential property at an estimated 10.4% annual rate, with property value capped at about Gs. 753,000,000.
Mi Casa AFD
AFD housing program with loan amounts up to Gs. 1.5 billion, no first-home requirement, with estimated rates of 11.5% in PYG or 9.5% in USD.
Mortgage
A real guarantee right over a property that secures an obligation; lets the creditor foreclose if the debtor defaults.