Banco Popular

Equity : May 2010

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

Latin America and Caribbean: Honduras

Investment field

Financial Institutions

Activity

Microfinance Institution

Organisation

Banco Popular

Domicile

Banco Popular

More investments in

Banco Popular

  • Debt € 4,494,000.00 (2019)
  • Equity € 121,408.00 (2017)
  • Equity € 200,374.59 (2015)
  • Equity € 1,357,000.00 (2007)

In 2010, BIO participated together with IFC, ACCION INV, FMO and BCIE in a buyout and recapitalization of the bank, designed to:

  1. facilitate the turnaround of the bank by creating a coherent and cohesive shareholder and Board structure.
  2. meet new capital requirements.
  3. reduce the bank’s exposure to a risky second floor portfolio.
  4. 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.

View more of our investments in this region

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  3,031,680.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  11/11/2013

  Equity

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  725,111.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  05/06/2014

  Debt

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

  Equity

Interact Climate Change Facility

Investment Companies & Funds

Interact Climate Change Facility

  6,000.00

  India, Mongolia, Honduras, Côte d'Ivoire, Ghana

  23/02/2011

  Equity

Interact Climate Change Facility

Investment Companies & Funds

Interact Climate Change Facility

  10,000,000.00

  India, Mongolia, Honduras, Côte d'Ivoire, Ghana

  23/02/2011

  Debt

CoreCo Central America Fund I LP

Investment Companies & Funds

CoreCo Central America Fund I LP

  3,210,320.00

  Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua

  28/06/2012

  Equity

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  105,000.00

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  11/09/2018

  Subsidy

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  5,438,332.50

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  18/06/2015

  Equity

Asociacion Hondurena de Instituciones Bancarias

Financial Institutions

Asociacion Hondurena de Instituciones Bancarias

  29,426.60

  Honduras

  18/12/2020

  Subsidy

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  113,688.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  25/06/2014

  Subsidy

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  143,535.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  28/01/2019

  Subsidy

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  350,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  07/04/2020

  Subsidy

Banco Popular

Financial Institutions

Banco Popular

  4,494,000.00

  Honduras

  19/12/2019

  Debt

Comercial Administradora S.A.

Financial Institutions

Comercial Administradora S.A.

  3,962,250.00

  Honduras

  03/12/2018

  Debt

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  3,000,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  24/10/2019

  Equity

Banco Popular

Financial Institutions

Banco Popular

  121,408.00

  Honduras

  18/09/2017

  Equity

Banco Popular

Financial Institutions

Banco Popular

  200,374.59

  Honduras

  29/04/2015

  Equity

Banco Popular

Financial Institutions

Banco Popular

  1,357,000.00

  Honduras

  07/12/2007

  Equity