MicroVest Invests $5 Million in Panamanian Mortgage Lender Banco La Hipotecaria

To bridge the unmet demand for housing finance among lower and middle-income individuals and families, MicroVest Capital Management (MicroVest) has invested $5 million in Banco La Hipotecaria (BLH), a major provider of private mortgages in Panama, El Salvador and, Colombia. The investment seeks to boost affordable mortgage lending to help lower middle-class communities realize their dream of owning a home, which can serve as a strong foundation to build financial stability and improve wellbeing.

Founded in 1997, BLH offers products ranging from mortgages for new and existing homes to refinancings, home improvement loans, personal loans, insurance, and deposits. The company will finance up to 98% of a home’s value, which allows families to own property without worrying about a large down payment. All homes financed by BLH must pass stringent assessments to ensure their safety and appropriate connections to municipal infrastructure, such as paved streets, water and sewer systems, and the power grid.

This is MicroVest 5th investment cycle with BLH.

DISCLOSURE INFORMATION

The information contained here has been written for MicroVest Capital Management, LLC (“MicroVest”) and no representation or warranty, expressed or implied is made by MicroVest as to the accuracy or completeness of the information contained herein. The portfolio company highlighted is for informational purposes only and does not represent all of the portfolio holdings and it should not be assumed that investments in the portfolio company identified and discussed were or will be profitable. The information presented on this page is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase an interest in any MicroVest product (the “Funds”), and nothing herein should be construed as such. Any such offer or solicitation will be made only by means of delivery of a definitive private offering memorandum which contains a description of the significant risks involved in such an investment. Prospective investors should request a copy of the relevant Memorandum and review all offering materials carefully prior to making an investment.