What is
cho
- CHO stands for Certificat Hypothécaire Obegi in French.
- It is a real estate guarantee certificate which you deposit in a bank on a short-term basis (1 to 12 months).
- It works just like depositing cash, but instead of receiving interest on your cash, you earn a fee on your CHO.
- This guarantee certificate will be used by the bank to borrow more efficiently through the interbank market while using its pool of CHOs as collateral, and therefore lend more easily.
A word from
Our Chairman
Studies show that the value of real estate assets in emerging countries could reach up to 20 times
the value of their GDP, thus representing substantial capital for these struggling economies. This
generated the idea for the Certificat Hypothécaire Obegi that would be implemented through the
CHO Project. The project seeks to mobilize this national capital, aiming to boost economic
growth and improve the standard of living.
Innovation is always possible, new and flexible thinking is required to get out of the doldrums of
underdevelopment.
Our journey will be long and arduous but working for the wellbeing of our fellow men is
worth the effort. With courage, dedication and intelligence we shall open new horizons!
Dr. Riad Obegi