Banking line of credit Banco Ficohsa SME loans loans loan Financing SMEs SMEs Banco FICOHSA Banco Hondureño de la Producción y la Vivienda FMO credit for construction industry credit Banco Multisectorial de Inversiones Banco Nacional de Costa Rica

Honduras: $45 million line of credit for Ficohsa

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.

Friday, October 3, 2008

©image: ficohsa.com

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.

Source: Proceso Digital

Key entities

Banco Ficohsa FMO DEG

Insight

industry credit line of credit SME loans Banking

$70 million to Honduras’ Ficohsa Bank

October 2011

The IFC ratified agreements to support the expansion and capitalization of Ficohsa Bank.

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.

El Salvador: $400 million for loans to productive sector

December 2008

The main condition from the IDB is that the BCR use the funds to create a short-term credit portfolio in the financial system for working capital and international trade.

The Central Bank indicated that the reserves will be available at participating financial institutions, who have responded positively to channeling the resources to production activities, including small businesses.

Honduras: Ficohsa Bank Offers 10% Financing

March 2009

Ficohsa Bank announced that it will offer loans for projects at a rate of 10% with 7 year terms and a 3 year grace period.

The funds are coming from credit lines with BANHPROVI (Honduran Production and Housing Bank), and are oriented toward the growth of the country’s productive sector.

15$ million credit for Salvadoran small and medium sized businesses

December 2008

The Multilateral Investment Bank (MIB) and the Federation of Laborers Credit Unions and Banks launched a financial support program for small and medium sized businesses.

The program seeks to provide financial resources coming from the MIB for small and medium sized businesses in order to help them to overcome problems cause by the international financial crisis and to contribute to the development of the sector.

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