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Expanding small business lending in Afghanistan

January 27, 2012

OPIC and Afghan Growth Finance (AGF) have agreed to expand an existing partnership and this week signed an agreement to co-finance up to $11.5 million in loans to small businesses in Afghanistan.

The new facility will provide small and medium-sized enterprises with access to capital in larger amounts and for long-term tenors – terms generally unavailable from other financial institutions in the Afghan market.

Picture of Bert van der Vaart, Executive Chairman of Small Enterprise Assistance Funds, and James Polan, OPIC Vice President for Small and Medium-sized Enterprise Finance during a January 26 signing ceremony.

Pictured; above: Bert van der Vaart, Executive Chairman of Small Enterprise Assistance Funds, left, and James Polan, OPIC Vice President for Small and Medium-sized Enterprise Finance during a January 26 signing ceremony; and other guests at the signing ceremony, below.

Picture of guests at the signing ceremony


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