Banco Popular


BIO invested USD 3.7 million in order to assist the savings and loans association Popular in its transformation to a commercial bank, BanCovelo (today Banco Popular), as well as to expand its micro lending operations. This investment is BIO’s first direct intervention in Honduras.

BIO later participated in a capital increase in 2015.

Banco Popular was founded in early 2007 as part of the fusion of the financial institutions of Grupo Microfinanciero Covelo (Fundación Covelo and Popular Asociación de Ahorro y Préstamo AAP). The mission of Banco Popular is to be an efficient, profitable and professional bank that offers high quality financial products and services to urban and rural markets, with a strong sense of social responsibility and a firm commitment to improving clients’ quality of life.

Website: www.bancopopular.hon

BIO extended a technical assistance subsidy to Banco Popular in 2011. Find out more here.

  • Investment amount (€):

    € 3 M

    Microfinance Institution

  • Contract signature :

    2007 2010 2015

  • Nature of intervention :


  • Development impacts :

    • 1 — Create access to financial services
    • 2 — Job creation

Photos :