The funds from the FC measure (FC loan) were made available to the Honduran development bank BANHPROVI as the “apex bank”. BANHPROVI channeled the funds to qualified financial institutions (mainly microfinance institutions), which they used to finance loans to MSMEs. The FC measure was implemented through a total of 29 financial intermediaries. On the one hand, they were divided into several commercial banks and a larger number of formal and informal financial institutions (FIs) with various legal forms. A heterogeneous mixture of FIs thus carried out the implementation.
