Banco Popular
Banco Popular is a Bank specialized in micro and small businesses in Honduras.
Amount
€ 200,374.59
Type of investment
Equity
Development impacts
- Local economic growth
- Financial inclusion
Beneficiary locations
Investment field
Financial Institutions
Activity
Microfinance institution
In 2015 BIO participated together with IFC, FMO, Bamboo and BCIE in a pro rata capital increase of Lps. 29.500.000 (USD 1.5 Mio) in Banco Popular.
The capital increase request followed a requirement of the Honduran Banking Commission that decided to increase the amount of minimal capital for financial institutions from Lps 300.000.000 (USD 15Mio) to Lps. 400.000.000 (USD 20 Mio) as from May 2015.
Development impacts
-
Local economic growth
Credit provision to micro-enterprises; Mobilization of local savings; Provision of non-financial services to MSMEs (business development)
-
Financial inclusion
Access to credit for micro-entrepreneurs; Population's access to savings services, payment and transfer services
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Equity
