MICROCAPITAL BRIEF: MicroVest Investing $2.5m in Rentek of Colombia to Help MSMEs Recover from COVID-19 Downturn

MicroVest, a debt-focused asset manager owned by US-based DAI Global, recently agreed to lend USD 2.5 million to Rentek, a Colombian funder of micro-, small and medium-sized enterprises (MSMEs). The goal is to assist Rentek’s clients in recovering from the economic fallout of the COVID-19 pandemic. Founded in 1997, Rentek provides liquidity to businesses via loans, equipment leasing and invoice factoring. It also operates a platform allowing businesses to sell equipment with buyers having the option to pay cash or finance the purchase via Rentek. Financial data on the firm remain confidential.

MicroVest was founded in 2003 and specializes in channeling investments to funders of MSMEs in low- and middle-income countries. The firm manages a portfolio that was valued at USD 519 million as of 2021.

Employee-owned DAI is active in 100 countries in areas such as “economic development, sustainable business, climate change and the environment, governance, gender, and health.” The firm employed approximately 5,400 people as of 2020.

Sources and Additional Resources

MicroVest press release
https://microvestfund.com/microvest-invests-in-rentek-to-facilitate-msme-growth-in-colombia/

Rentek homepage
https://rentek.com.co/

DAI homepage
https://www.dai.com/

MicroVest homepage
https://microvestfund.com/

More content from MicroCapital on MicroVest
https://www.microcapital.org/?s=microvest

More content from MicroCapital on Colombia
https://www.microcapital.org/?s=colombia

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