The proceeds of the IIC loan will be used to finance small and medium-sized Honduran enterprises in productive sectors such as industry, manufacturing, construction, agroindustry, and other eligible sectors.
Banco Financiera Centroamericana S.A. (FICENSA) began doing business in Honduras in 1974. With activities geared mainly to corporate financing, the bank has two main offices, one in Tegucigalpa and the other in San Pedro Sula, along with 26 branch offices in the country’s major cities, drive-through teller windows, and an extensive network of automatic teller machines. FICENSA is a member of the Banet network.
Environmental and Labor Issues:
This is a category FI-2 project according to the IIC’s Environmental and Social Sustainability Policy (“IIC Sustainability Policy”) because the subprojects in the financial intermediary’s current or future portfolio are considered medium risk. To enable the Borrower to better understand the IIC’s requirements, FICENSA will be required to attend the IIC’s environmental training workshop for financial intermediaries. Each subproject will be subject to an environmental review and must comply with domestic environmental and labor laws, regulations, and standards, as well as IIC environmental guidelines.