MicroVest Supports MSME Growth in Panama with Investment in Banco Delta

To facilitate access to capital for underserved Panamanian MSMEs, MicroVest Capital Management (MicroVest) has invested in Banco Delta (BanDelta), the largest microfinance institution in the country. The $5 million investment will help BanDelta expand access to financial services for MSMEs and reignite growth for businesses impacted by COVID-19.

Founded in 2006, BanDelta provides specialized financial services to MSMEs, many of whom are accessing formal financial services for the first time. MicroVest's investment will further support the liquidity needs of these businesses in what has been a difficult post-COVID-19 environment in the country.

Today, an estimated 200,000 MSMEs represent 96% of all enterprises in Panama and account for up to 49% of formal employment (IADB). However, access to financing remains a challenge and is often cited as a key constraint to the growth of these businesses.

BanDelta currently finances more than 23,600 Panamanian MSMEs. The organization has a credit portfolio of approximately $222 million and deposits totaling $215 million.

This is MicroVest's 7th investment in the company.

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.