By Editor in Chief
on Thu Feb 13 2025
On December 24, 2024, the Japan International Cooperation Agency (JICA) signed a loan agreement with Banco del País, S.A. (“Banpais”) of the Republic of Honduras. (“Banpais”) of the Republic of Honduras on December 24, 2024, and a ceremony was held in the country on February 12, 2025 to commemorate the signing.
This project is the first overseas investment and loan for the Republic of Honduras, and will be cofinanced with the International Finance Corporation.
Signing Ceremony
Project Summary
Loan recipient
Banco del País, S.A.
Country (region covered)
Republic of Honduras
Loan amount
US$50 million
Project Name
Small and Medium Enterprise Support Business
Business Objectives
This project aims to improve access to finance for small and medium-sized enterprises (SMEs), including women-owned businesses, in the Republic of Honduras by providing loans to Banpais, thereby contributing to the promotion of SMEs, job creation, and improvement of gender disparities in the country.
Business Overview
At least 30% of the JICA loan will be used to finance SMEs run by women.
Contribution to SDGs
Goal 5 (Achieve gender equality)
Goal 8 (both job satisfaction and economic growth)
Goal 17 (Let’s achieve our goals in partnership)
Other
This project is positioned under the Financial Inclusion Promotion Facility (FAFI) established in May 2023.
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