Banco Popular
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
Investment field
Financial Institutions
Activity
Microfinance institution
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.
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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
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.
View more of our investments in this region
