eco.business Fund to power sustainable agribusinesses practices in Honduras and Nicaragua with Grupo Financiero Ficohsa
With a total investment of USD 33 million, the fund seeks to promote sustainable practices and use of innovative technology among agribusinesses in Honduras and Nicaragua.
Luxembourg and Frankfurt am Main, 21 September, 2018 - eco.business Fund pledged support to Banco Ficohsa Honduras (USD 25 million) and Banco Ficohsa Nicaragua (USD 8 million) of the Ficohsa Group at a loan agreement signing ceremony held at the head office of Finance in Motion, the advisor to the eco.business Fund. The combined investment of USD 33 million will represent the fund’s largest exposure into a single banking group in Latin America. This is the fund’s first investment in Honduras, whereas Banco Ficohsa would be the fund’s second partner institution in Nicaragua in line with its strategy to diversify and spread its portfolio in the region