Instutional Strengthening of Finsol
The objective of the project is to strengthen the institutional capacity of Financiera Solidaria (FINSOL S.A.) in its consolidation as a regulated financial entity, specializing in the provision of financial services to the Honduran small and microenterprise sectors. The improved institutional capacity will allow FINSOL to improve its financial position, reach a larger number of small and micrenterprises, and offer a wider variety of financial services to meet their needs. The project includes the following activities: (i) acquire additional software modules for their Management Information System (MIS) which will allow FINSOL to process portfolio, accounting and treasury information and compile and present reports in a completely integrated manner, as required by the CNBS; (ii) obtain technical assistance in the design and development of savings products to be offered; (iii) obtain technical assistance in the development of more efficient credit technology and new credit products for the small business sector; and (iv) train FINSOL upper and mid-level management staff in banking and finance-related topics.

Project Detail

Country

Honduras

Project Number

TC9805485

Approval Date

January 4, 1999

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

PRIVATE FIRMS AND SME DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 500,000.00

Country Counterpart Financing

USD 200,000.00

Original Amount Approved

USD 300,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-6342-HO Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-6342-HO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable