CAF grants a USD 2 million loan to Banco Delta S.A.
The resources will be used to finance micro, small, and medium-sized Panamanian enterprises
CAF, Development Bank of Latin America, and Banco Delta S.A. signed a Rotating Credit Line for USD 2 million so that the financial entity may grant more financing to micro, small, and medium-sized Panamanian enterprises.
Susana Pinilla, Director Representative of CAF in Panama and Arturo Müller Norman, President of Banco Delta, signed the agreement.
CAF's Director Representative in Panama stated "Promote the channeling of resources to encourage the activity of micro, small, and medium-sized enterprises is part of CAF's commitment to contribute to the growth of the Panamanian economy. We are pleased to support Banco Delta, and we expect that the credit line will contribute to expand the scope of its services benefiting the country's enterprises".
The agreement seeks to facilitate the Panamanian entrepreneurial base's access to financing, contribute to the sector's dynamics, strengthen economic performance, reduce poverty, and promote equitable and sustainable regional development.
Banco Delta is one of the most important financial entities in the country regarding financing for micro and small-sized enterprises. Founded in 2006 as a micro-financing bank, currently it holds a general banking license, and maintains the purpose of offering financial solutions to micro and small-sized Panamanian entrepreneurs to help them make their businesses grow and improve their quality of life.
Thus, CAF supports the productive and financial sectors of its member countries, where it executes financing and investment operations in order to promote a sustainable productive transformation of the economies, financing for micro, small and medium-sized enterprises, as well as support for entrepreneurship in the region.
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