MICROCAPITAL BRIEF: Grupo Mega Nets $10m for SME Leasing in Mexico via Bond Sale to MicroVest

MicroVest, a debt-focused asset manager owned by US-based DAI Global, recently purchased USD 10 million in bonds from Mexico’s Grupo Mega to support leasing by small and medium-sized enterprises (SMEs), which can help SMEs “remain capital-light [in a way] that relieves them of the burdens and risk of ownership.”

Grupo Mega was founded in 2003 and provides leasing, factoring and loans to SMEs active in sectors such as farming, tourism, technology, transportation and industrial production. Its products include options specifically designed for women. As of June 2022, it reported quarterly net income of MXN 55 million (USD 2.8 million) on assets of MXN 21 billion (USD 1.1 billion).

MicroVest was founded in 2003 and specializes in channeling investments to funders of microenterprises and SMEs 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 has 16 offices and employed 5,000 people as of 2021.

Sources and Additional Resources

MicroVest press release
https://microvestfund.com/microvest-supports-access-to-affordable-leasing-solutions-for-mexican-smes-with-investment-in-grupo-mega/

Grupo Mega homepage
https://www.gfmega.com

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

More content from MicroCapital on Mexico
https://www.microcapital.org/?s=mexico

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