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.
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.
