Atlántida Bank to Help Honduran MSMEs

The International Finance Corporation (IFC) has signed an agreement with the bank to develop its portfolio of products for small and micro enterprises.

Wednesday, November 2, 2011

According to a press release from the IFC, the initiative will help create jobs and promote economic growth in Honduras.

It is hoped that the joint project between Atlántida Bank, the IFC and supported by the Netherlands, will make more than $30 million in funds available to Honduran micro and small enterprises (MSEs) over the next five years.

Since 2010, the bank has worked closely with IFC to improve its efficiency with the IFC reporting 25% reductions in processing time for loans, new products and a 50% increase in staff dedicated to MSEs.

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