Banco Popular S.A
Status: Approved investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Banco Popular is a regulated Micro Financing Institution that focuses on alleviating poverty in Honduras; it offers a broad range of products to the micro, SME and consumer segments. The bank serves more than 100,000 clients, out of which more than half are women.
What is our funding objective?
With this investment FMO will contribute to reducing inequalities by supporting Banco Popular in its mission to finance the low-income segment of Honduran population by increasing rural expansion and digitalization.
Why do we fund this investment?
Honduras has a high level of income inequality, and currently 48% of population lives below the national poverty line. Banco Popular aims to alleviate poverty targeting the low-income segment of the Honduran market. This transaction will contribute to reducing inequalities by increasing the micro and SME lending in the Honduran rural areas.
What is the Environmental and Social categorization rationale?
The project has been categorised as Category B in accordance with FMO’s Sustainability Policy. The Project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. As part of the Project, Banco Popular will be required to apply the EDFI Exclusion List and Honduras E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 12/18/2023 | USD 10.00 MLN |
| 7/6/2018 | USD 5.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Honduras
- Sector
- Financial Institutions
- Publication date
- 8/1/2019
- Effective date
- 1/17/2020
- Total FMO financing
- HNL 2.00 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B