A press release from the International Finance Corporation (IFC) reads:
The IFC Capitalization Fund has signed agreements that will support expansion plans and the capitalization of Banco Financiera Comercial Honduras, SA, investing $70 million in capital resources.
The Capitalization Fund which is managed by the Asset Management Company, IFC will invest U.S. $32 million in capital and $38 million in subordinated debt, thus providing resources for long-term capital to support Ficohsa ‘s operations for financing medium and small businesses. This is the first investment in Central America by the IFC Fund.
More on this topic
February 2011
The Norwegian Investment Fund for Developing Countries (Norfund) will invest $ 2 million in financial institution Desyfin.
The resources, which are for financing small and medium enterprises, will be dispersed through various programs and services,"... such as discounted invoices, working capital, leasing for the acquisition of production, medical and technology equipment and financing of new environmentally friendly projects, among others," reported Elfinancierocr.com.
July 2010
It is estimated that approximately 300 SMEs will benefit from this operation.
On July 20, 2010, the Inter-American Investment Corporation (IIC) approved a loan of up to US$20 million to El Salvador’s Banco de América Central S.A.
With this project, the IIC aims to provide BAC ES with medium-term funding on appropriate terms for channeling funds to eligible projects in El Salvador.
June 2009
With a credit from the BID, Banco Agricola will expand its loan program for micro, small, and medium sized businesses (MiPyMEs acronym in Spanish).
“The approval of the loan from the Inter-American Development Bank (BID acronym in Spanish) to Banco Agricola allows us to offer resources that are currently available to meet the needs of the credit market in El Salvador.
October 2008
The Netherlands Development Finance Company (FMO) and the German Investment and Development Company (DEG) granted a line of credit to Ficohsa Bank for $45 million, official sources reported.
The funds from this credit will be used by Ficohsa Bank to strengthen its strategy of diversifying its loan portfolio for the Housing, Agro-Industrial, Industrial and Small and Medium Businesses sectors, they explained.
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