Delta Bank Gets $6 million From IFC

IFC, a member of the World Bank Group, will provide a loan to Banco Delta for lending to micro and small entrepreneurs in Panama.

Friday, September 27, 2013

From a press release by the International Finance Corporation (IFC):

IFC, a member of the World Bank Group, has awarded to Banco Delta SA the largest microfinance institution in Panama, a five-year loan for $6 million to support micro and small entrepreneurs who have little access to formal financial services. This is IFC's first investment in the microfinance sector of Panama, one of the most underdeveloped countries in Central America.

"Banco Delta is pleased to work with IFC to increase and diversify its loans to entrepreneurs of micro and small businesses, many of which are accessing the formal financial sector for the first time," said President of Banco Delta, Arthur Müller. "These entrepreneurs are key to our economy, microfinance can be a powerful catalyst, giving them the ability to grow and prosper."



More on this topic

Costa Rica: $30 million for SMEs and Mortgages

July 2011

The National Cooperative of Educators (Coopenae) will receive $30 million from the International Finance Corporation (IFC) for loans.

The funds will go to mortgage loans for low-income families and financing for small and medium enterprises.

IFC, a branch of the World Bank will provide $15 million in colones, to which are added another $15 million also in colones provided by FMO, the Dutch development bank.

Multibank Joins IFC Program

July 2009

Multibank joins IFC Program to expand trade financing for panamanian businesses.

IFC, a member of the World Bank Group, announced that Multibank today became the first issuing bank in Panama to join IFC’s Global Trade Finance Program to improve access to finance for local importers and exporters and entry to new markets.

Banpaís Joins IFC Program

June 2009

IFC announced that the Honduran Bank has joined its global financing for foreign trade program.

Its participation in the program will allow Banpaís to expand its financial transactions to foreign trade with an extensive global network of banks and improve Honduran companies’ access to credit lines for trade.

Honduras: Atlántida Bank Associates with IFC

April 2009

The commerce program of the IFC supports Atlántida Bank in the expansion of its access to a world trade network.

The International Finance Corporation (IFC), a member of the World Bank Group, announced today that Atlántida Bank of Honduras has joined the Global Program for trade financing of the IFC, which will help the bank to access a world trade network and strengthen its support to SMEs that are dedicated to the import or export of goods in the country.

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