The OPIC Blog

Featured photo: Local retailer supports jobs and sustainable development in Guatemala

The Guatemala City flagship store of Cemaco, a family-owned business that operates 20 retail stores throughout Guatemala selling hardware, home goods ,toys and baby gear.

The Guatemala City flagship store of Cemaco, a family-owned business that operates 20 retail stores throughout Guatemala selling hardware, home goods ,toys and baby gear. OPIC, through a loan guaranty to World Business Capital, supported a $9,750,000 loan to help the business expand. The Cemaco retail chain currently has about 1,500 local employees and is committed to sustainable business practices and local procurement of goods from local artisans. In addition, through a partnership with U.S.-based ACE Hardware, it has committed to purchasing at least $1.8 million in goods every year from ACE.


Share and Enjoy

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Related Post

Featured Photo: Helping low income families purchase homes

In Nicaragua, a boy steps out of his home that his family was able to purchase with a microfinance loan...

How OPIC supports American small businesses from coast to coast

When OPIC kicks off its 2016 Expanding Horizons workshop series May 3 in Atlanta, it will mark the tenth anniversary...

Celebrating the tenth anniversary of Expanding Horizons

This year marks the tenth anniversary of OPIC’s working with small and medium-sized enterprises (SMEs) at our Expanding Horizons workshops....