Caisse Régionale de Refinancement Hypothécaire (CRRH-Uemoa)

What Caisse Régionale de Refinancement Hypothécaire (CRRH-Uemoa) does

AFINHAB, formerly Caisse Régionale de Refinancement Hypothécaire de l'UEMOA (CRRH-UEMOA), is a regional wholesale financial institution established in 2010 under the auspices of the West African Economic and Monetary Union (UEMOA) and headquartered in Lomé, Togo. The institution refinances housing loans originated by commercial banks and decentralized microfinance institutions (SFDs) across the eight UEMOA member states (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo), addressing the structural mismatch between short-term bank deposits and the long-tenor funding required for residential mortgage lending in the region.

The platform is built around three integrated solutions: Refinancement (refinancing of housing loans granted by partner banks and SFDs), Titrisation (securitization that transforms illiquid housing loans into tradable securities), and Garantie (guarantees covering credit risk on partner-originated housing loans). Long-term funding is sourced from two principal channels: bond issuances on international financial markets, including Social Bonds listed on the Luxembourg Stock Exchange since January 2026, and concessional debt from multilateral and bilateral development finance institutions including Proparco, IFC, World Bank, KfW, DFC, BOAD, and Shelter-Afrique. The institution operates under formal agrément from the Banking Commission of WAEMU (UMOA).

Commercially, AFINHAB pursues a sales-led B2B wholesale model targeting partner banks and SFDs through direct institutional relationships and formal partnership agreements, reaching a network of more than 30 financial institution partners. Revenue is generated through net interest margins on refinanced housing loans, fees on securitization transactions, and guarantee premiums. By December 2025 the institution had reached a cumulative milestone of 440 billion FCFA (approximately USD 720 million) in committed housing financing, with social outcomes targeting modest-income households across the UEMOA zone.

Name

Caisse Régionale de Refinancement Hypothécaire (CRRH-Uemoa)

Legal name

Caisse Régionale de Refinancement Hypothécaire de l'UEMOA (CRRH-UEMOA)

Website

https://crrhuemoa.org

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

AFINHAB (formerly CRRH-UEMOA) is a UEMOA-mandated regional wholesale institution in Lomé, Togo that refinances, securitizes, and guarantees housing loans originated by partner banks and microfinance institutions across 8 West African member states.

Ownership category

akta.pro rank

Product category

Mortgage Refinancing and Housing Finance

NAICS

Real Estate Credit (522292), Credit Intermediation and Related Activities (522)

SIC

Mortgage Bankers & Loan Correspondents (6162), Federal & Federally-Sponsored Credit Agencies (6111), Asset-Backed Securities (6189)

akta.pro primary industry

Government Wholesale Lending (FHA/VA/USDA) (FSALACAE)

akta.pro secondary industries

Mortgage Refinance & Rate/Term Intermediation (FSAEAEAC), Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD), SME, Microfinance & Financial Inclusion Facilities (BPADACAI), Microfinance, Financial Inclusion & Inclusive Markets (BPAGABAM)

Keywords

• Mortgage refinancing
• Housing finance
• Securitization services
• Microfinance refinancing
• Wholesale banking

Headquarters

HQ city

Lomé

HQ country

Togo

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Bond Issuance on Financial Markets: AFINHAB issues bonds on financial markets to raise long-term capital, which is then used to refinance housing loans provided by commercial banks and SFDs to end borrowers.
2. Development Partner Financing: The institution mobilizes resources from development partners (such as the €40 million loan from Proparco) to support affordable housing financing in the UEMOA zone.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

AFINHAB (formerly CRRH-Uemoa) is a regional wholesale refinancing institution that provides three core financial solutions to banks and SFDs (microfinance institutions) across the UEMOA zone: refinancing of housing loans, securitization (titrisation) of mortgage portfolios into tradable securities, and guarantee products covering housing loan risk. The institution mobilizes long-term resources from international capital markets through bond issuances and from development finance partners to enable commercial banks and microfinance institutions to extend affordable housing loans to modest-income populations across eight West African countries.

Product overview

AFINHAB (formerly CRRH-UEMOA) is a regional housing finance institution operating as a unified platform structured around three core solutions: Refinancement, Titrisation, and Garantie. Through bond issuances on financial markets and resources mobilized from development partners, the organization refinances housing loans granted by commercial banks and SFDs (microfinance institutions) to promote access to housing across the eight UEMOA member states (Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo). The three products work together to provide liquidity, risk-sharing, and capital market access to the regional housing finance ecosystem.

Differentiator

Problem solved

Functional benefit

Products and services

• Refinancement (Refinancing) AFINHAB refinances housing loans granted by partner commercial banks and SFDs (microfinance institutions) to promote access to housing across the UEMOA zone, mobilizing long-term resources from financial markets and development partners to provide sustainable long-term funding to financial institutions.
• Titrisation (Securitization) Securitization solution offered to banks and SFDs to transform illiquid housing loan portfolios into tradable securities, enhancing liquidity and creating capital market instruments in the regional housing finance market.
• Garantie (Guarantee) Guarantee product providing risk coverage for housing loans granted by partner commercial banks and SFDs, enabling them to extend more credit to housing applicants by sharing credit risk on mortgage portfolios.

Quantifiable outcome

• Over 1,800 households to benefit from affordable housing access
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core.

• Bank of AfricacoreChannel Partner/ Reseller/ DistributorBank of Africa is listed as a partner bank through which AFINHAB provides housing loan refinancing services in UEMOA countries.
• EcobankcoreChannel Partner/ Reseller/ DistributorEcobank is listed as a partner bank providing housing loan services that benefit from AFINHAB's refinancing solutions across its pan-African network.
• Banque AtlantiquecoreChannel Partner/ Reseller/ DistributorBanque Atlantique is listed as a partner bank utilizing AFINHAB's refinancing and financial instruments.
• OrabankcoreChannel Partner/ Reseller/ DistributorOrabank is listed as a partner bank operating across West Africa and utilizing AFINHAB's housing finance solutions.
• Coris BankcoreChannel Partner/ Reseller/ DistributorCoris Bank is listed as a partner bank accessing AFINHAB's refinancing services.
• NSIA BanquecoreChannel Partner/ Reseller/ DistributorNSIA Banque is listed as a partner financial institution utilizing AFINHAB's housing finance solutions.
• BSIC (Banque Sahélo-Saharienne pour le Commerce et l'Investissement)coreChannel Partner/ Reseller/ DistributorBSIC is listed as a partner bank accessing AFINHAB's refinancing solutions.
• SONIBANKcoreChannel Partner/ Reseller/ DistributorSONIBANK is listed as a partner bank utilizing AFINHAB's housing finance instruments.
• Bourse de Luxembourg (Luxembourg Stock Exchange)coreStrategic or Co-development PartnerAFINHAB listed its Social Bonds on the Luxembourg Stock Exchange in January 2026, enabling access to international capital markets for its housing finance activities.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Ghana Mortgage Market (GhMM): Ghana's secondary mortgage market initiative providing wholesale refinancing and securitization infrastructure to primary mortgage lenders. Directly comparable mission — building a secondary mortgage market for an African country — though at single-country scale.
• Housing Finance Company of Kenya: Kenyan mortgage lender and housing finance provider offering residential mortgage origination and refinance. Comparable regional housing finance institution serving a different East African geography.
• Crédit Immobilier et Hôtelier (CIH Bank): Moroccan housing-specialized bank providing mortgage origination, refinance, and real estate development financing. Comparable regional housing finance operator, though CIH originates and holds loans rather than acting purely as a wholesale refinancier.

Broad incumbents

• Freddie Mac: US government-sponsored enterprise that buys, securitizes, and guarantees residential mortgages, supporting a national secondary mortgage market. Closest global structural peer for AFINHAB's securitization and refinance mandate.
• Fannie Mae: US government-sponsored enterprise that purchases and securitizes residential mortgages from lenders, providing the largest secondary mortgage market globally. The structural analogue AFINHAB is patterned after for the UEMOA zone.
• European Investment Fund (EIF): EU-level institution providing credit guarantees and securitization support for SME and housing finance. Comparable as a public-mandated wholesale/guarantee institution supporting housing lenders, though operating at pan-European rather than regional African scale.

Others

• International Finance Corporation (IFC): World Bank Group's private-sector DFI that provides debt, equity, and guarantees for housing finance in emerging markets, including a listed financial partner of AFINHAB. Operates as a funding enabler rather than direct housing refinance peer.
• Banque Ouest Africaine de Développement (BOAD): UEMOA regional development bank that funds infrastructure and development projects across WAEMU member states. AFINHAB's listed financial partner and enabler of regional housing finance, though BOAD operates more broadly than housing alone.

Direct peers

• Federal Mortgage Bank of Nigeria (FMBN): Nigeria's national mortgage institution that provides wholesale refinance, mortgage guarantees, and NHF funding to primary mortgage banks. Closest functional analogue to AFINHAB at the national level, operating a comparable refinance + guarantee model for housing.
• Shelter-Afrique: Pan-African housing finance institution that provides wholesale financing, mortgage refinance, and project finance to banks and developers across Africa. Directly comparable in business model — wholesale funder of housing loans to financial institutions — and an existing partner of AFINHAB.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/crrhuemoa
• LinkedInlinkedin.com/company/crrh-uemoa/?viewAsMember=true
• Xx.com/crrh_uemoa

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caisse Régionale de Refinancement Hypothécaire (CRRH-Uemoa)