Banco Popular
Banco Popular is a Bank specialized in micro and small businesses in Honduras.
Amount
€ 1,364,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Financial inclusion
Beneficiary locations
Investment field
Financial Institutions
Activity
Microfinance Institution
In 2010, BIO participated together with IFC, ACCION INV, FMO and BCIE in a buyout and recapitalization of the bank, designed to:
- facilitate the turnaround of the bank by creating a coherent and cohesive shareholder and Board structure.
- meet new capital requirements.
- reduce the bank’s exposure to a risky second floor portfolio.
- support the largest and pioneer microfinance bank in Honduras.
Development impacts
-
Local economic growth
The core business is microfinance and SME loans (both together account for 42% of the portfolio) and the institutional clients business (45% of the portfolio).
-
Financial inclusion
Popular’s principal products are: (i) Credit products: working capital loans, home improvements, fixed assets loans, seasonal loans, credit cards for both micro and SME clients, and remittances; and (ii) Savings and deposits specially targeted to micro clients.
Read impact and news about this project
News
BIO raises its stake in Banco Popular
27-10-2022
BIO raises its stake in Banco Popular, the biggest microfinance institution in Honduras, to 26.60% in shareholder reshuffling.
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Financial Institutions
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Paraguay
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Debt
Investment Companies & Funds
Darby International Capital Latin American Fund IV
10,000,000.00
Brazil, Colombia, Peru
01/12/2023
Equity
