MicroVest Supports Access to Affordable Leasing Solutions for Mexican SMEs with Investment in Grupo Mega

MicroVest Capital Management (MicroVest) has announced a $10 million investment in the bonds of Operadora Mega, one of the largest independent leasing companies in Mexico. The investment seeks to boost access to financing for underserved SMEs in the country, as well as expand access to responsible leasing products that help bolster competitiveness for small and medium businesses in the segment.

SMEs account for 99% of businesses in Mexico and employ approximately 71% of the country’s workforce (IFC). Leasing equipment and other productive assets helps small businesses remain capital-light and provides access to competitive financing that relieves them of the burdens and risk of ownership. However, almost a third of small businesses cite a lack of access to finance as a major obstacle to growth.

Founded in 2003, Grupo Mega is a family-owned and operated financial services company with leased assets spanning machinery, medical and construction equipment, as well as transportation vehicles that cater to SMEs in the agriculture, industrial, tourism, transportation, and IT sectors. Grupo Mega is currently piloting a DEG-led initiative to promote access to credit for female-owned SMEs in Mexico and has a long-standing involvement in a local nonprofit foundation allied with Children International, Mujeres MATI, whose mission is to support female entrepreneurs from vulnerable segments of the economy.

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.