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
Multilateral Investment Fund Instrument
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