The OPIC Blog

Archive for February, 2013

OPIC’s President and CEO heads to Haiti to support micro lending for sustainable reconstruction

This week, OPIC’s President and CEO Elizabeth Littlefield will lead a delegation of OPIC representatives on a visit to Haiti to launch an important mortgage finance project developed in partnership with the U.S. Agency for International Development (USAID) and the Clinton Bush Haiti Fund. Development Innovations Group (DIG), a U.S.-based housing finance and urban development firm, will manage the project. Read more…

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PBS Newshour features OPIC client Husk Power

Rice is a staple of the diet in India but until recently the rice husks that were left behind in the milling process served no purpose – aside from generating a lot of waste.  OPIC’s $750,000 loan in 2009 to the startup Husk Power Systems Inc. helped that business introduce a technology that converted this biomass waste into electricity and Read more…

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OPIC monitoring trip to Kenya: Big plans becoming reality

By: Tim Harwood An interdepartmental OPIC team traveled to Kenya in 2012 to monitor the performance of three financial institutions whose microfinance lending is supported by the agency: Musoni, the Kenya Women’s Finance Trust  DTM Ltd (KWFT), and Equity Bank. Over the course of three days, members of OPIC’s Office of Investment Policy, Portfolio Management Department, Small and Medium-sized Enterprise Finance Read more…

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Featured photo: Support for Rwandan coffee growers

Shyara washing station owned by OPIC client Westrock Coffee Holdings’ Rwanda Trading Co. (“RTC”). OPIC political risk insurance is supporting RTC’s coffee processing operations in Rwanda, which provides agricultural extension loans, seed, fertilizer, compost and technical assistance to help small local coffee producers across the country improve production processes and access international markets. RTC is also providing technical assistance to help Read more…

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Featured photo: Supporting small businesses in Africa

In Nairobi, Kenya, Equity Bank CEO Dr. James Mwangi (center) introduces OPIC President and CEO Elizabeth Littlefield to Equity Bank agent Maureen Wambugu (right). One of the bank’s community branches is surrounded by several local businesses, including a second hand shoe trader, whose owner used an Equity Bank micro loan to expand his business. OPIC is providing $8.45 million in Read more…

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Growing Micro Entrepreneurs in Jordan

Jordanian micro entrepreneurs and small businesses – vital engines of the country’s economy but too often lacking access to long-term capital – received a significant boost in the form of a $2 million loan from OPIC through its partnership with Citibank N.A. Jordan. The loan will support the growth of the Microfinance portfolio of Tamweelcom, the leading microfinance institution in Read more…

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OPIC and GE partner to bring clean cookstoves to East Africa

Last Thursday, outgoing Secretary of State Hillary Clinton announced a new OPIC partnership with GE to finance a clean cookstoves project in East Africa – one of a select series of public-private partnerships producing sustainable solutions to key global challenges that she chose to highlight during her final week in office. Developmentally, the project addresses one of the world’s most Read more…

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