To facilitate access to capital for underserved Panamanian MSMEs, DAI Asset Management (“DAI-AM”) 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. DAI-AM’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 DAI-AM’s 7th investment in the company.
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