|
|
Article: ACCION Investments in Microfinance Supports Launch of Bancovelo, Honduras's Leading Commercial Microfinance Bank
- Article from:
- U.S. Newswire
- Article date:
- March 3, 2008
CopyrightCopyright 2008 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
To: BUSINESS EDITORS
Contact: Media, Bruce MacDonald, VP, Communications of ACCION
International, +1-617-625-7080, Ext. 1245, bmacdonald@accion.org
BOSTON, March 3 /PRNewswire/ -- ACCION(R) International, a
pioneer and leader in global microfinance, today saluted the
successful launch of Banco Popular Covelo (Bancovelo), a newly
transformed commercial microfinance institution in Honduras, which
opened its doors on February 1, 2008.
Created by a merger of Popular, a microfinance savings & loan
company sponsored by Grupo Financiero Covelo, with two sister
entities, Bancovelo is the leading regulated microfinance
organization in Honduras, with a loan portfolio of approximately $50
million and ...