OPEC fund lends $25m to Honduras for SMEs

The OPEC Fund for International Development (OFID) has signed a $25 million loan with Banco Ficohsa, Honduras, for on-lending to small and medium-sized enterprises (SMEs) affected by disruptions caused by the COVID-19 pandemic and two hurricanes that hit the country in late 2020.

Banco Ficohsa will focus on SMEs in sectors including agriculture, manufacturing and textiles. It is the fourth loan OFID has made to Banco Ficohsa, WAM reported.