Banco Popular

Debt : December 2019

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

Amount

€ 4,494,000.00

Type of investment

Debt

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 € 121,408.00 (2017)
  • Equity € 200,374.59 (2015)
  • Equity € 1,364,000.00 (2010)
  • Equity € 1,357,000.00 (2007)

Banco Popular is the leading bank specialised in microfinance in Honduras. It offers loans, deposits, money transfer and other financial services to privately-owned micro and small enterprises and their owners, as well as the general lower income strata of the Honduran population.

It started its activities in 2004 as a Saving Association and received the commercial banking license form the Honduran Banking Commission in 2008. The bank currently operates from 28 branches with presence in 13 out of 18 departments of Honduras.

BIO is a shareholder of Banco Popular since 2008 when it invested together with several other DFI's with the aim of assisting the institution in its transformation to a commercial bank specialized in microfinance. Since then, BIO participated to 3 capital increases in 2009, 2015 and 2017. BIO has also supported the bank with 2 TA projects to strengthen credit and banking services operations.

BIO's investments will be used to grow the micro and SME portfolio of the bank, in particular in rural zones of the country.

Development impacts

  • Local economic growth

    91% of portfolio are loans provided to micro-enterprises (59%) and SMEs (32%).

  • Financial inclusion

    The bank is currently expanding in areas that are less urban and with lower penetration of financial institutions (13% of portfolio currently located in rural areas).

View more of our investments in this region

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

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

  1,364,000.00

  Honduras

  17/05/2010

  Equity

Banco Popular

Financial Institutions

Banco Popular

  1,357,000.00

  Honduras

  07/12/2007

  Equity