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MICROCAPITAL BRIEF: MicroVest Loans $5m to Banco Delta to Boost Post-COVID Economy in Panama via Financial Access for MSMEs 

by Matthew Upton
June 9, 2022
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MicroVest, an asset-management subsidiary of US-based Development Alternatives Incorporated (DAI), recently lent USD 5 million to Panama-based Banco Delta. The loan is meant to help Banco Delta “expand access to financial services for MSMEs [micro-, small and medium-sized enterprises] and reignite growth for businesses impacted by COVID-19.” Founded in 2006, Banco Delta provides – in-person and online – various types of insurance; savings services; and loans for purposes such as vehicle purchases and business expansion to individuals and companies of all sizes. As of December 2021, the bank reported assets of PAB 286 million (USD 286 million).

Started in 2003, MicroVest “specializes in allocating private debt capital to responsible microfinance and MSME finance institutions serving unbanked and underbanked microentrepreneurs and small businesses in emerging markets.” As of 2021, MicroVest had a gross loan portfolio of USD 519 million.

DAI is a US-based global development firm focused on “fundamental social and economic development problems caused by inefficient markets, ineffective governance and instability.”

By Ben Greissman, Research Associate

Sources and Additional Resources

MicroVest press release
https://microvestfund.com/microvest-supports-msme-growth-in-panama-with-investment-in-banco-delta/

Banco Delta homepage
https://www.bandelta.com/

Banco Delta financial statements
https://www.bandelta.com/reportes-y-estados-financieros/estados-financieros-consolidados

MicroVest 2021 impact report
https://microvestfund.com/impact-reports/

MicroVest description
https://microvestfund.com/our-firm/

Did you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/.

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