July 12, 2013
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
June 28, 2013
The mountaintop Mtatsminda restaurant and business complex in Tbilisi, Georgia was renovated with the support of a $10 million OPIC loan and will reopen on Saturday, June 29. This clip from a local news program highlights visits this week from U.S. Ambassador to Georgia, Richard Norland, and Kenneth Angel, Managing Director, Project Finance at OPIC.
June 21, 2013
Microfinance group members in Tlayacapan, Mexico meet to collect installments on a loan from Finca International, a U.S. microfinance institution with a global footprint in 21 countries. This all-women group of entrepreneurs who sell food, clothing and crafts in local markets has been a client of Finca Mexico for 10 years.
June 07, 2013
In Kenya, the U.S. Government’s Feed the Future initiative is working to improve food security and childhood nutrition by helping farmers introduce nutrient-rich crops to their farms and teaching families new recipes full of vitamins and minerals needed to ensure healthy growth. Read more here.
May 31, 2013
Candido Rodriguez, a farmer who lives and works in a rural region of Nicaragua, was able to purchase a solar panel with the help of a local microfinance institution, Fondo de Desarrollo Local (FDL), that offers flexible repayment in order to make solar products affordable to families who live off the electric grid. FDL is one of the many microfinance
May 17, 2013
Los Castanos de Choloma affordable housing project in Choloma, Honduras, was designed with a central park area that provides shelter from surrounding violence and encourages residents to maintain and take pride in their property. Inter-Mac International Inc. is using OPIC financing to build a community of 2,400 single-family homes that are affordable to working families earning minimum wage. Inter-Mac is
May 10, 2013
Sherry Ayittey, Ghana’s Minister of Health, seated, tours one of eight new mobile medical clinics that were introduced this month as part of the National Medical Equipment Modernization Project. OPIC is supporting the project by providing political risk insurance to Belstar Development, LLC, the lead investor in the project. These mobile clinics will travel to currently underserved areas of the
May 03, 2013
Workers at Plumblink, a South African supplier of plumbing and sanitation equipment that is one of the investments of the OPIC-supported Ethos Fund, that invests in African businesses. OPIC is one of the largest sponsors of private equity funds in emerging markets, supporting investments that contribute to development and often create local jobs.
April 19, 2013
In honor of Earth Day later this month, we are sharing this photo from the U.S. Millennium Challenge Corporation (MCC) of an abundant evening market in Msimba, Tanzania, powered by solar lights, which enables members of the community to shop and sell their goods after the workday is over. The Millennium Challenge Corporation is investing in improving the reliability of
April 12, 2013
Limited financing opportunities in Georgia made it difficult for the country’s dairy industry to expand production and guarantee quality. In 2009, Sante GMT, the largest dairy and juice production facility in Georgia, was approved for a $10 million loan from OPIC to help the business expand business operations and increase production. In a few years, Sante GMT expanded its business