The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, recently loaned INR 355 million (USD 5 million) to Grameen Impact Investments India (GIII), a unit of Grameen Capital India (GCI) that
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MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Commits $350m to Female Entrepreneurship, Women-led Private Equity Funds in Emerging Markets via 2X Women’s Initiative
The Overseas Private Investment Corporation (OPIC), an agency of the US government that seeks to facilitate investment by US-based firms in developing countries, announced yesterday that it is committing USD 350 million to businesses and private equity funds led by women in developing countries. The includes applying a “gender lens to all the projects OPIC considers.”
OPIC CEO Ray Washburne said, “OPIC is proud to drive this effort through its 2X Women’s Initiative, which will mobilize USD 1 billion in investments to
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lending $49m to Mongolia’s XacBank in Partnership with Women Entrepreneurs Opportunity Facility of Goldman Sachs 10,000 Women, IFC
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan USD 49 million to XacBank, a microfinance institution in Mongolia, to support lending to women-owned small and medium-sized enterprises (SMEs) [1].
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lending $5m to Accion’s Early Dawn Microfinance to Support Women Entrepreneurs in Myanmar
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently agreed to loan Myanmar-based Early Dawn Microfinance Company Limited USD 5 million. Dawn lends to low-income women in living in urban and peri-urban areas.
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) to Invest up to $200m in Equity in LeapFrog Investments
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently committed to investing up to USD 200 million in equity in Leapfrog Investments, a for-profit private equity fund based in Mauritius.
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Loans $250m to Bayport Management to Boost Microfinance in Africa, Latin America
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently invested USD 250 million through a senior debt facility in Bayport Management Limited, Mauritius-based network of microfinance institutions (MFIs) [1].
MICROCAPITAL BRIEF: OPIC, Calvert, Swiss Agency for Development and Cooperation, EIB Invest $12m in Participatory Microfinance Group for Africa (PAMIGA) to Support Access to Solar Power, Irrigation in Rural Africa
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, and the Calvert Foundation, a US-based nonprofit community development financial institution, recently signed agreements to loan USD 6.25 million to Pamiga Finance S.A. (PFSA) to help it spread access to solar energy and micro-irrigation systems in rural Africa [1].
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) to Loan $20m to India-based Caspian Impact Investment (CII)
Overseas Private Investment Corporation (OPIC), a government-backed development finance institution based in the US capital of Washington, DC, recently agreed to loan USD 20 million to Caspian Impact Investments (CII), a fund launched in 2013 by Indian investment management and advisory services company Caspian Advisors Private Ltd.
MICROCAPITAL BRIEF: Wells Fargo, Overseas Private Investment Corporation (OPIC) Plan $220m Loan to India’s Yes Bank for Micro-, Small, Medium-Sized Enterprises (MSMEs)
US-based Wells Fargo Bank and the US government’s Overseas Private Investment Corporation (OPIC) have agreed to “explore” extending up to USD 220 million in credit to Yes Bank, and Indian commercial bank, for on-lending to micro-, small and medium-sized enterprises (MSMEs).
MICROCAPITAL BRIEF: Citigroup, Overseas Private Investment Corporation (OPIC) Jointly Loan $10m to Microfinance Institution (MFI) ACBA Credit Agricole Bank of Armenia
Citigroup, a financial services corporation based in the US city of New York, and Overseas Private Investment Corporation (OPIC), a government-backed development finance institution based in Washington DC, recently announced that they will partner to fund two jointly funded loans with a total value of USD 10 million for ACBA Credit Agricole Bank (formerly known as the Agricultural Cooperative Bank of Armenia), a Yerevan-based microfinance institution (MFI) that specializes in the financing of the agriculture sector of Armenia.
MICROCAPITAL BRIEF: Grameen Credit Agricole Lends $1m to Première Agence de Microfinance au Burkina Faso, $239k to Biotropical of Cameroon
Grameen Credit Agricole, a Luxembourg-based organization that provides financing to microfinance institutions (MFIs), recently informed MicroCapital that it has granted a 3-year loan of EUR 770,000 (USD 1.05 million) to the Première Agence de Microfinance au Burkina Faso (PAMF-BF), an MFI in Burkina Faso, and a loan of EUR 175,000 (USD 239,000) to Biotropical, a Cameroon-based fruit company that works with small farmers.
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC), Citi to Share Risk on $550m Global Loan Facility, $220m Inclusive Growth Agreement
The Overseas Private Investment Corporation (OPIC), a development agency of the US government, reportedly has entered agreements with Citi, a US-based financial services corporation, to share credit risk for the financing of investments in an unspecified number of the 150 OPIC-eligible countries with a USD 550 million loan facility for general investments and a USD 220 million loan facility to support financial inclusion.
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lends $45m to FINCA Microfinance Holding to Increase Outreach, Range of Services
The Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, is lending USD 45 million to the Foundation for International Community Assistance (FINCA) Microfinance Holding (FMH), a for-profit investment vehicle controlled by US-based NGO FINCA International [1].
MICROCAPITAL BRIEF: Citigroup, Overseas Private Investment Corporation (OPIC) Lend $10m to Bank of Georgia to Support Financial Inclusion of Micro-, Small Enterprises (MSEs)
Citigroup (Citi), a US-based financial services corporation with operations in 140 countries, and the Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, have announced a term-loan of USD 10 million to Bank of Georgia, a commercial bank in Georgia that is a subsidiary of UK-based Bank of Georgia Holdings, to support the financial inclusion of microentrepreneurs and small businesses in Georgia [1].
MICROCAPITAL BRIEF: OPIC to Support Citi in Loaning up to $200m to Support Small Businesses in Africa, Asia, Eastern Europe, Latin America
Citigroup (Citi), a US-based financial services corporation, and the Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, reportedly have partnered to deliver USD 200 million to Citi’s local and multinational corporate and financial institution clients [1].
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC) Lends $5m to Thaneakea Phum Cambodia (TPC) to Expand Housing, Microfinance Loans
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently finalized a USD 5 million loan to Thaneakea Phum Cambodia Limited (TPC), a Cambodian microfinance institution (MFI).
MICROCAPITAL BRIEF: Overseas Private Investment Corporation (OPIC), US Agency for International Development (USAID) Commit $23m to Development Innovations Group (DIG) Housing Finance Facility in Haiti
The Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, recently signed an agreement to loan USD 17 million to the US-based for-profit organization Development Innovations Group (DIG) to establish a housing finance facility in Haiti.
MICROCAPITAL BRIEF: MiCRO, Fonkoze of Haiti to Make Insurance Payout to Women Microentrepreneurs in Wake of Tropical Storm Isaac
Microinsurance Catastrophe Risk Organisation (MiCRO), a reinsurance company based in Barbados, is due to make a payout of an undetermined amount to Fonkoze, a Haitian microfinance institution, to help female microentrepreneurs recover from Tropical Storm Isaac, which struck the country in August.