Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.
$229,638.00 (Project budget includes all project-funded activities)
Last Updated Date
Jul 2, 2018
Project Estimated End Date
Jun 30, 2015
Project Description
The project consists of components to strengthen Banco Atlantida's SME Banking and HF offerings:
SME Banking
- Continued support in implementation of SME strategy
- Coaching / training
- Evaluation and calibration of SME scorecard
Housing
Finance
-Reengineer existing mortgage credit policies and processes
-Explore and implement new mortgage loan product offerings
Development Results
The objective of the project is to increase access to financial services for small and medium size enterprises (SMEs) and lower and middle income households in Honduras. The objective will be achieved through the provision of IFC advisory support to Banco Atlantida, a local bank with a strong commitment to the country's underserved population.
Expanding on the advisory services SME project recently completed, the project will support the development of the SME business into new sub-segments - such as women-owned SMEs and less formalized small businesses which are not presently being attended by the formal financial sector - and increase product and service offerings to SMEs in order to both increase profitability and provide full array of banking services required by the segment.
In addition, the realities of making housing loans to lower and middle-income households require banks to modify some of the ways in which they operate, and this project will aim to reengineer some of Banco Atlantida's policies and procedures, restructure operations, and adapt products to meet segment needs.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
Not Available
8
Number of entities receiving in-depth advisory services
Not Available
1
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
Not Available
19
Number of entities that implemented recommended changes
Not Available
1
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
Not Available
3
Number of outstanding loans
0
0
E&S Risks / Impacts and Mitigation
<table><tr><th>PerformanceStandard</th><th>Description and Potential Impact</th><th>Mitigation</th></tr><tr><td>PS1. Assessment and Management of Environmental and Social Risks and Impacts</td><td>Aspart of its Due Diligence, and as mandated by IFC Sustainability Policy,IFC team has screened this project to assess consistency with IFC''s Performancestandards.</td><td>IFC advice will be provided in a mannerconsistent with the principles of the relevant Performance Standards. TheIFC team will assist the client, as final decision maker, in gaining agood understanding of IFC''s Performance Standards.</td></tr></table>
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.