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Sustainable Development Goals

Housing is an important component of the 2030 Agenda for Sustainable Development and an essential driver for achieving many of the Sustainable Development Goals, or SDGs. Improving housing conditions leads to benefits in health, education, and economic opportunities. Housing often functions as a ladder out of poverty for families, and this improvement can contribute to reducing inequality and enhancing the capacity for resilience in the face of natural disasters and economic hardships for the broader community.

As a housing finance company, MIK plays a critical role in the housing finance system by purchasing and securitizing mortgage loans issued by commercial banks. Since 2013, we have implemented a government-subsidized mortgage loan program that not only ensures citizens have continuous access to loans but also enhances liquidity in the banking and financial sector. This initiative generates additional employment opportunities and stimulates demand for construction, materials, and services in the real estate and construction sectors, thereby fostering economic growth. Through our operations, we have a positive systemic impact on the community and society, enhancing urban planning, reducing poverty and social inequality, ensuring public health and safety, and supporting the establishment of an equitable and stable housing market.

At MIK Group, we recognize the utmost importance of addressing environmental challenges while simultaneously supporting social and economic growth. Our core values revolve around sustainable development, which we strive to incorporate into all aspects of our activities.

Program Outcomes:

Total number of borrowers: 103774

Total amount of securitized loans: 5.86 trillion

Square meters of apartments in use: 5.1 million msq

Female principal borrower: 44.3%

Households moved from ger districts to formal housing*: 37.1%

*For those who previously resided in ger areas, having ensured access to adequate housing reduces their vulnerability to risks related to health, crime, and environment; as well as ensures their adequate basic needs such as heating, water, sanitation, waste management facilities, and accessible location regarding basic social facilities like work, hospital, schools and public transportation. This comprehensive approach to ensuring access to adequate housing, directly and indirectly, addresses various household problems, making a significant contribution to the 12 Sustainable Development Goals (SDGs).

 View detailed SDG impact report  (SDG impact report pdf)

View ESG report  (ESG report pdf)

Materiality assessment report