January 12, 2022

MicroVest joins IFC-led Syndication of a $40M loan to Support Truck Drivers, Immigrants, Refugees, and Micro-entrepreneurs in Brazil

January 12, 2022

MicroVest joins IFC-led syndication of a $40M loan to Brazil’s Omni S.A Crédito, Financiamento e Investimento with a $10M investment for its own account. This facility seeks to expand access to vehicle and microfinance credit for self-employed truck drivers, immigrants, refugees, and microentrepreneurs in Brazil’s low-income, underserved peri-urban and remote areas. The investment will provide Omni with a greater capacity to assist existing and new clients, thus supporting the private sector’s recovery in the wake of the pandemic.

Read the press release here

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