LEXINCORP HONDURAS ADVISED BLUE ORCHARD MICROFINANCE FUND IN LOANS GRANTED TO FICOHSA BANK.
Lexincorp Honduras was the lead council in a Financing loan operation between Blue Orchard Microfinance Fund and Ficohsa Bank Honduras leb by Office Director Benito Zelaya. This first of a series of projected transactions was structured in 2 credit one main and subsidiary adding both operations USD25,000,000 dollars, in which the funds will be destined to finance small and medium companies in the agricultura and crafts sector.
BlueOrchard was founded in 2001 as the first commercial manager of microfinance debt investments worldwide. They offer investment solutions to qualified investors and provide debt and equity financing to institutions in emerging and frontier markets.
To date, BlueOrchard has invested USD 3.5 billion in 350 different institutions across 70 countries, providing access to financial and related services to over 30 million low-income individuals.
In this specific transaction Lexincorp was in charge of creating the warranties structure, drafting primary and subsidiary loan contracts, review of bank representatives and their powers and authorizations, as well as the permits and government authorizations needed to ensure the transaction would go through.