Banco Popular

Equity : September 2017

Banco Popular is a Bank specialized in micro and small businesses in Honduras.

Amount

€ 121,408.00

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

  • Equity € 1,559,546.70 (2022)
  • Subsidy € 10,223.00 (2022)
  • Subsidy € 12,508.00 (2021-2022)
  • Debt € 4,494,000.00 (2019)
  • Equity € 200,374.59 (2015)
  • Equity € 1,364,000.00 (2010)
  • Equity € 1,357,000.00 (2007)

In 2017 BIO participated together with IFC, FMO, Bamboo and BCIE in a pro rata capital increase of Lps. 17.265 million (approx. USD 735 k) 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 USD 17 M to USD 21 M.

Development impacts

  • Local economic growth

    The primary goal of this project is to provide access to credit to microentrepreneurs and SMEs in Honduras. Banco Popular is the leader bank dedicated to microfinance in Honduras.

  • Financial inclusion

    Access to credit for micro-entrepreneurs; Population's access to savings services, payment and transfer services

Read impact and news about this project

BIO raises its stake in Banco Popular

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.

Read more

View more of our investments in this region

Locfund Next

Investment Companies & Funds

Locfund Next

12,000,000.00

  27/07/2023

  Debt

Alterfin

Investment Companies & Funds

Alterfin

 21,500.00

  11/07/2023

  Subsidy

Banco Solidario

Financial Institutions

Banco Solidario

20,000,000.00

  Ecuador

  20/06/2023

  Debt

Fondo de Desarrollo Local

Infrastructure

Fondo de Desarrollo Local

35,485.00

  Nicaragua

  08/05/2023

  Subsidy

Banco Solidario

Financial Institutions

Banco Solidario

16,143.00

  Ecuador

  18/04/2023

  Subsidy

Banco Guayaquil

Banco Guayaquil

47,853.00

  Ecuador

  18/04/2023

Inka's Berries

Enterprises

Inka's Berries

 14,131,500.00

  Peru

  06/03/2023

  Debt

Centro de Investigación y Desarollo Regional

Financial Institutions

Centro de Investigación y Desarollo Regional

 4,889,580.00

  Bolivia

  22/12/2022

  Debt

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

 20,000,000.00

  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

  21/12/2022

  Debt