Project Number : 599893 IFC Approval Date : 10/08/2013 Project Estimated End Date : 06/30/2015 Status : Active Phase : Execution Country : Honduras Region : Latin America and the Caribbean Business Line : Access To Finance Estimated Total Budget : $229,638.00 Project Description The project consists of components to strengthen Banco Atlantida%s SME Banking and HF offerings: SME Banking - Continued support in implementation of SME strategy - Coaching / training - Evaluation and calibration of SME scorecard Housing Finance -Reengineer existing mortgage credit policies and processes -Explore and implement new mortgage loan product offerings Expected Development Impact The objective of the project is to increase access to financial services for small and medium size enterprises (SMEs) and lower and middle income households in Honduras. The objective will be achieved through the provision of IFC advisory support to Banco Atlantida, a local bank with a strong commitment to the country%s underserved population. Expanding on the advisory services SME project recently completed, the project will support the development of the SME business into new sub-segments - such as women-owned SMEs and less formalized small businesses which are not presently being attended by the formal financial sector - and increase product and service offerings to SMEs in order to both increase profitability and provide full array of banking services required by the segment. In addition, the realities of making housing loans to lower and middle-income households require banks to modify some of the ways in which they operate, and this project will aim to reengineer some of Banco Atlantida%s policies and procedures, restructure operations, and adapt products to meet segment needs.
Project completion date : 2015-06-30 12:00:00
Major organization : INTERNATIONAL FINANCE CORPORATION
Address : 2121 Pennsylvania Avenue, NW Washington, DC 20433 United States
Country :United States
Financier : International Finance Corporation (IFC),