Project detail - BANCO POPULAR S.A.

BANCO POPULAR S.A.

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Who is our client

Banco Popular is a Honduran microfinance institution (MFI) with a banking license. It offers a range of products to serve micro and small enterprises. These products include working capital loans, fixed investment loans, deposit/savings accounts and insurances for life and admittance to the hospital. Popular is the first and only MFI in Honduras to offer (micro) insurance. For existing clients the bank also offers short-term “seasonal” loans and consumer finance.

Funding objective

The objective of these funds is to extend access to finance for micro-, small- and medium-sized enterprises.

Why we fund this project

FMO believes that stable access to finance for micro and small enterprises contributes to economic development. With this long-term financing FMO supports Banco Popular in its mission to extend access to small enterprises, and contributes to the stability of the Honduran financial sector.

More investments

Date Total FMO financing
1/17/2020 HNL 2.00 MLN
9/21/2018 USD 10.00 MLN
Region
Latin America & The Caribbean
Country
Honduras
Sector
Financial Institutions
Signing date
4/3/2013
Total FMO financing
USD 5.00 MLN
Fund
MASSIF
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
C