The OPIC Blog

Archive for the 'Microfinance' Category

Microfinance in the digital age

By Anthony Randazzo OPIC Director, Small and Medium Enterprise Finance   According to the World Bank, two billion people in the world today lack access to financial services. Disruptive technology is helping to change that.   While information technology has always been critical to the work of microfinance institutions, technology is profoundly changing the way financial services are being delivered Read more…

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Featured photo: Microfinance borrowers in India

On the occasion of Global Entrepreneurship Week, this photo shows some female microfinance borrowers in India, illustrating both the relatively small size of many microfinance loans and how these transactions are often conducted in cash. Millions of people around the world lack access to any sort of formal financial services and even small loans can bring a significant benefit in Read more…

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Manjula’s story: A look at one of the many entrepreneurs supported by OPIC investment

In honor of Global Entrepreneurship Week we’re featuring this video of Manjula, an Indian factory worker turned entrepreneur who transformed her life with a small loan provided through an OPIC partnership with Citi. Dissatisfied with her work in a garment factory, Manjula was able to start a small apparel business using a loan from the Indian microfinance institution Ujjivan, which Read more…

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Featured photo: Kenyan woman giving back uses microfinance loan to open a school

In honor of Women’s Small Business Month, we’re featuring female entrepreneurs around the world who have benefited from OPIC financing. This picture shows schoolchildren in Rongai, Kenya heading to class Pine Breeze Academy, which was started by local entrepreneur Lillian Alwi. Alwi obtained loans from KWTF, a microfinance institution supported by OPIC, and was able to open the school, which Read more…

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Featured photo: Malian woman supports family with restaurant business

In honor of Women’s Small Business Month, we’re featuring women in developing countries who have been able to start or grow a small business with the support of OPIC financing. The photo shows a mother of six in Mali preparing food to sell in her small restaurant that she has built with the help of microfinance loans from PAMIGA S.A., Read more…

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Featured photo: Supporting businesswomen in Costa Rica through microfinance

A local businesswoman in Costa Rica displays her merchandise at her tailoring business, which she was able to expand thanks to a loan from Coopenae. OPIC supported a Microfinance Growth Fund that provided Coopenae, the largest regulated financial cooperative in Costa Rica, with substantial micro and small business financing capabilities. As a result, small businesses have better access to finance Read more…

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Featured Photo: Supporting harvests with microfinance

A woman harvests her crop with support from a microfinance loan from Massachusetts-based Root Capital. OPIC provided Root Capital with $20 million in OPIC financing for their work with supporting agribusinesses throughout Africa, Asia and Latin America. On May 19, Root Capital received the 2015 OPIC Impact Award for Renewable Resources. Read more about Root Capital and all the OPIC Read more…

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Featured Photo: On Mother’s Day, OPIC’s support to African medical care helps new mothers

In honor of Mother’s Day on May 10, this photo shows the Mission Mbagala Dispensary, a small clinic in Dar es Salaam, Tanzania, tending to a new mother and her infant. Supported by an OPIC loan, the clinic is one of several that have been able to use loans from the Medical Credit Fund to support upgrades, expansions and purchase Read more…

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Throwback Thursday: A look at why the world’s poor are a good credit risk

Does it make sense to lend to the world’s poorest people? Two years ago, OPIC Deputy Vice President John Aldonas tackled this question in a piece on The OPIC Blog, where he noted that microfinance lending can lead to explosive growth in productivity and help small businesses attain the scale they need to succeed. Because so much of OPIC’s work Read more…

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Water for agriculture: How one innovative project is helping African farmers grow more food

March 22 is World Water Day, an occasion to remember how water is fundamental to life and fundamental to global development. In many parts of Africa, poor farmers operate with little equipment and can only water their crops when it rains. Being so dependent on the weather for their livelihood is not only inconvenient, it’s also costly. Even a lengthy Read more…

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