Instutional Strengthening of Finsol

closed

The objective of the project is to strengthen the institutional capacity of Financiera Solidaria (FINSOL S.A.) in its consolidation as a regulated financial entity, specializing in the provision of financial services to the Honduran small and microenterprise sectors. The improved institutional capacity will allow FINSOL to improve its financial position, reach a larger number of small and micrenterprises, and offer a wider variety of financial services to meet their needs. The project includes the following activities: (i) acquire additional software modules for their Management Information System (MIS) which will allow FINSOL to process portfolio, accounting and treasury information and compile and present reports in a completely integrated manner, as required by the CNBS; (ii) obtain technical assistance in the design and development of savings products to be offered; (iii) obtain technical assistance in the development of more efficient credit technology and new credit products for the small business sector; and (iv) train FINSOL upper and mid-level management staff in banking and finance-related topics.