Honduras: Bancovelo to Become Banco Popular
The institution will also change its business strategy focusing now on MSMEs.
Tuesday, December 7, 2010
The name change will be formalized in March 2011.
Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.
On December 14 in Panama City the regional forum under the theme "Entrepreneurship, Employment and Local Development" will take place.
The International Finance Corporation (IFC) has signed an agreement with the bank to develop its portfolio of products for small and micro enterprises.
The Banco Popular will make the sum available for MSMEs that lack the collateral needed for a credit line.
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