Please click on the image below to view our 2021 Impact Report, or [download it here].
As we approach the end of 2021, the outlook for growth in emerging markets is robust due to the resumption of business activity following the end of COVID-19 lockdowns and the release of pent-up demand for credit. Such significant demand for credit also underscores the scale of the unmet need for capital in many of the markets MicroVest finances, a situation that had predated COVID-19 for many years. Overall, the Microfinance and SME Finance Institutions in our portfolio proved resilient, as our portfolio companies reacted quickly to changing local dynamics and found new ways sustain their lending portfolios while serving their communities.
Financial institutions that preserved liquidity and focused on portfolio quality in 2020 also increased lending activities in 2021. Many quickly witnessed a surge in demand as businesses sought funding for new projects and pursued other growth opportunities. Halfway into 2021, despite the world still feeling the effects of the pandemic, total annual asset growth of MicroVest’s portfolio across our two flagship funds remained strong at nearly 12%, reaching $519 million. To continue reading, please click on the image above to view our full 2021 Impact Report, or [download it here].