Ficohsa Bank Opens New lines of Credit
To support the economic sector of Honduras, Ficohsa Bank is opening new financing options with funds from Banhprovi.
Thursday, June 18, 2009
The funds from the Honduran Bank for Production and Housing (Banhprovi) that are available through lines of credit at Ficohsa Bank are designated for urbanization and housing construction projects as well as for the construction of commercial real estate for farming or industrial distribution centers, among others.
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.
Private banking requested $158 million from the Honduran Production and Housing Bank to boost the construction sector and generate jobs.
Financial institutions lent 15% less for building houses in 2011, complained the Chamber of Construction.
People owning a home can now opt to finance a second home.
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