WASHINGTON, D.C. – The U.S. International Development Finance Corporation (DFC) yesterday announced project approval for a $10 million loan to Financiera MiCrédito Honduras, S.A., a majority U.S.-owned financial institution in Honduras, to support on-lending to eligible micro, small, and medium-sized businesses. At least 50% of loan proceeds will support U.S.-Honduran trade by financing the procurement of eligible U.S. goods and services and strengthening U.S. supply chains.
Project approval was recognized with a signing ceremony in Washington, D.C. between DFC Chief Policy Officer (CPO) Caroline Vik and MiCrédito Holding Corp Regional CEO Verónica Herrera, witnessed by Honduran Finance Minister Emilio Hernández Hércules, Central Bank President Roberto Lagos, and Trade Representative Melvin Redondo.
“I am excited to see DFC approve this investment in Financiera MiCrédito Honduras. Building on our recent engagement in Tegucigalpa, this project reflects the strength of the U.S.-Honduras partnership – supporting entrepreneurs while deepening trade ties, strengthening supply chain linkages, and creating new opportunities for Honduran businesses to connect with U.S. goods and markets,” said DFC CPO Caroline Vik.
“This partnership with DFC is an important vote of confidence in Honduras and its entrepreneurs. We are grateful to DFC and the Government of Honduras for advancing investment and economic growth. Through this partnership, MiCrédito will expand responsible financing for Honduran businesses, helping them grow, create jobs, and strengthen their families and communities,” said Verónica Herrera, MiCrédito Holding Corp Regional CEO.
Earlier this year, DFC CEO Ben Black and CPO Vik visited Tegucigalpa to meet with President Nasry Asfura and cabinet officials to discuss opportunities for U.S.-Honduras engagement. This facility deepens commercial ties by expanding access to financing for thousands of micro, small, and medium-sized businesses in Honduras purchasing U.S. agricultural inputs and manufactured goods, including tractors and harvest equipment, irrigation and pumping systems, and fertilizers distributed by U.S. companies.
###
The U.S. International Development Finance Corporation (DFC) is the international investment arm of the United States Government and central to U.S. economic statecraft. DFC mobilizes private capital to advance U.S. foreign policy and economic development. Our investments deliver strong returns for American taxpayers, drive meaningful economic development for our allies and partners, and secure supply chains to counter and outcompete our adversaries.