Promotion of digital financial services training

Tegucigalpa, August 23, 2019.- Today, the Honduran Microfinance Network (REDMICROH) with the sponsorship of the Central American Bank for Economic Integration (CABEI) inaugurated a seminar on digital financial services.

CABEI dedicates special attention to financial inclusion
CABEI has programs and projects aimed at entrepreneurship in the region as reflected by its MSME Support Program, which since its implementation in 1996 through 2018 has managed disbursements by channeling resources amounting to US$2.41 billion, benefiting 659,726 enterprises and generating 947,472 jobs at a regional level.

Likewise, the program facilitates financing for urban and rural MSMEs in various economic sectors; the MSMEs must have a maximum number of up to 100 employees with financing needs of up to US$1 million. The financing is channeled through financial intermediaries including commercial banking, state banking, microfinance entities and savings and credit cooperatives to support the entrepreneurial spirit of the Central American region and strengthen the growth and capitalization of MSMEs.

REDMICROH is made up of 25 organizations dedicated to serving the micro and small enterprise sector in Honduras, which has a presence on a national level in more than 357 agencies, attending enterprises in the commerce, housing, services and production sectors, including the agricultural subsector. The active portfolio managed by these institutions total more than US$429 million, of which 57% is placed in rural areas, serving more than 285 thousand micro and small enterprises, of which 44% are led by women.