Opportunity EduFinance, an affiliate of the US-based NGO Opportunity International, recently brought on seven new financial services provider (FSP) partners, with whom it plans to invest in affordable private education in India, Nigeria and Rwanda. Although the FSPs have not been identified publicly, they are expected to
Tag: Opportunity International
MICROCAPITAL BRIEF: Opportunity International, UPS Foundation Announce “Unstoppable Women Initiative” to Expand Financial Services in Colombia, India, Indonesia, Nigeria
Two US-based NGOs, Opportunity International and the UPS Foundation, recently partnered to launch the Unstoppable Women Initiative to support female entrepreneurs in underserved communities in Colombia, India, Indonesia and Nigeria. The program includes training, business support and
MICROCAPITAL BRIEF: Visa Foundation Donates $2m to Opportunity International to Support Microfinance, Small-business Lending to Women in Africa
US-based nonprofit microfinance network Opportunity International recently secured a grant of USD 2 million from the Visa Foundation, an affiliate of US-based payments firm Visa. The goal is to facilitate Opportunity in routing an additional USD 14 million via its affiliated financial services providers (FSPs) in Democratic Republic of the Congo, Ghana, Nigeria and Uganda to micro- and small businesses owned by women. The two-year grant is to fund services for: (1) business owners and farmers, such as training in financial literacy, business management and agricultural practices; and (2) partner FSPs, such as technical assistance in developing gender-oriented policies and financial incentives for serving women, such as guarantees, interest-rate buy-downs and collateral buy-downs. A collateral buy-down – where an FSP might
MICROCAPITAL BRIEF: Oikocredit, Opportunity International Commit $100m to Education Finance in Low-income Countries
Opportunity International, a US-based nonprofit providing microfinance and other services in 30 countries, and Oikocredit, a Netherlands-based impact investor, recently announced a three-year partnership valued at USD 100 million. Through increased funding of financial institutions partnered with Opportunity International’s EduFinance program, Opportunity International and Oikocredit aim to
MICROCAPITAL BRIEF: VisionFund DRC Borrows $1m from Grameen Credit Agricole Foundation for Rural Microenterprise Lending
VisionFund DRC, a microfinance institution (MFI) in the Democratic Republic of Congo, has secured a loan of approximately USD 1 million from the Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg. VisionFund DRC provides loans, savings and microinsurance to approximately 2,900