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Featured photo: Support for small businesses in the Middle East

October 31, 2014

OPIC President and CEO Elizabeth Littlefield toured a water bottling company in Ramallah this week during her trip to the West Bank, Israel and Jordan. This company received financing through the nonprofit Middle East Investment Initiative, an OPIC partner that supports small businesses in the Middle East. These small enterprises are critical to the region’s economic growth and job creation,
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Featured photo: Bringing healthcare to rural Hondurans

October 24, 2014

Doña Chila became a volunteer community pharmacist serving the 2,500 residents of El Tigre Island in Honduras through a training program provided by a local partner of social investment fund Global Partnerships. Each day she counsels at least 15 customers about recommended medications and dosages. Global Partnerships is an OPIC client that provides small microfinance loans in rural communities and
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Featured photo: Illuminating rural villages in India

October 10, 2014

A snack shop owner in a small town near Mangalore, India gets electricity to light the store from a simple pay-as-you-go solar system provided by Simpa Energy India Ltd., a subsidiary of Simpa Networks of Seattle. OPIC recently committed a $3 million loan to Simpa to support the introduction of up to 50,000 new solar systems in rural parts of
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Featured photo: Supporting microfinance lending in sub-Saharan Africa

September 26, 2014

The credit portfolio manager of WAGES, a microfinance institution in Sub-Saharan Africa, speaks to a group of farmers in Togo who have used micro-loans to install micro-irrigation systems to improve crop productivity. OPIC, along with the Calvert Foundation, is providing financing for the launch of a new fund for microfinance institutions that are members of the Participatory Microfinance Group for
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Featured photo: OPIC meets with community groups near Kenya’s Lake Turkana

September 12, 2014

OPIC’s Office of Investment Policy recently met with community groups at Lake Turkana in Northern Kenya as part of a due diligence review of the Lake Turkana wind power project. During the summer, OPIC’s board approved a $250 million financing commitment to support construction of the 310-megawatt Lake Turkana wind power plant, which will boost Kenya’s installed energy capacity by
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Featured photo: Underscoring the opportunity of private investment in Africa

August 15, 2014

Elizabeth Littlefield (center), President and CEO of OPIC, signs a memorandum of understanding with Thomas McCaffery (left), Wells Fargo’s Executive Vice President, and Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank, at OPIC’s Washington headquarters on August 4. The memorandum, signed on the margins of the historic U.S.-Africa Leaders Summit, aligned OPIC, Wells Fargo and Attijariwafa’s efforts
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Featured photo: A growing wool industry in Afghanistan

July 18, 2014

A livestock herder tends his flock in the foothills of the Hindu Kush mountains in Afghanistan. With the help of OPIC financing, Maryland-based American Wool & Cashmere has developed a regional infrastructure of centralized suppliers in western Afghanistan’s Herat Province who buy raw, unprocessed wool directly from herders like this. This infrastructure and new liquidity into this market for producers
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Featured photo: OPIC financing supports small businesses in Jordan

July 11, 2014

An employee of a small, family-owned chocolate manufacturer in Amman, Jordan prepares chocolates for packaging and sale throughout the country. The business is one of multiple small businesses that have received start-up loans from a Jordanian bank guaranteed through OPIC’s loan guaranty facility program, which is designed to promote lending to the small local businesses that are a critical part of
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Featured photo: Collaborating to support American businesses

July 03, 2014

OPIC President and CEO Elizabeth Littlefield and U.S. Small Business Administrator Maria Contreras-Sweet met July 2 to discuss ways the two agencies can work together to support U.S. small businesses. OPIC works closely with SBA’s Office of International Trade to educate small businesses about the OPIC finance and insurance tools that can help them expand into emerging markets. SBA also
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Featured photo: Tea production in Rwanda

June 27, 2014

The Sorwathe Tea Plantation and processing facility in Rwanda was built in 1978 by one of the first U.S. investors in Rwanda, and rebuilt almost two decades later with the support of OPIC political risk insurance. Today, the facility purchases tea leaves from thousands of small farmers around the country, generating an important source of income for the local population.
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