Through Entrepreneur Banking, we supported the growth and development of small and medium enterprises.
We also offer a wide variety of specialized products, complemented by the service in charge of professionals who have a profound knowledge of the segment’s needs. We also developed initiatives to make it easier for them to market their products.
In 2020, the development and generation of tools and digital functionalities, which make it easier to operate online and manage their business, with the highest security standards.
Over 860 entrepreneurs were supported through financing by the end of 2020. Likewise, we achieved a growth of our credit portfolio of 24.4%.
Portfolio growth 24.4%
Support for Entrepreneurs
We are the first bank in Honduras to make the digital savings account service available to the market for this segment. In this way, clients can open their savings and checking accounts to manage their business and carry out their transactions, from the comfort of their home or office.
Created in 2020, this is the first virtualmall in Honduras, which seeks to promote small and medium enterprises, making available to them an E-Commerce platform in which they can sell their products and services. Through Ficomall, consumers have access to 128 businesses who offer a greatvariety of products, 24 hours a day, 7 days a week.
Support to the Economic Recovery and Entrepreneurs
Faced with the health emergency facing the region due to the pandemic, the Group has paid special attention to our clients. In Honduras, the context was aggravated by the impact of tropical storms Eta and Iota. At Ficohsa Bank we actively support the economic reactivation, providing financing to small and medium-sized entrepreneurs with the Economic Reactivation Guarantee Fund for MSMEs. We are the first institution in the country in terms of the placement of credits under this scheme, reaching $11.9MM.