April 01, 2015
By Debra Erb Managing Director, OPIC Housing Programs (This blog is adapted from a speech Debra Erb delivered in November 2014 at the general meeting of the African Union for Housing Finance.) One of the fundamental steps to advancing development in emerging markets is giving low-income people a secure place to live. As a banker who has successfully assembled financing
April 04, 2014
Some of the 5,000 residents of the Los Castanos de Choloma housing community in Honduras, which Inter-Mac International Inc. built with the support of OPIC financing. On March 11, OPIC awarded Inter-Mac an OPIC Impact award in the Access to Finance category for the project, which not only provides safe and affordable housing for a low-income population, but also offers
April 01, 2014
When OPIC leadership set out to identify outstanding clients for its inaugural Impact Awards held earlier this month, one award category, Access to Finance, generated a three way tie. This abundance of excellent work underscores how access to finance is a critical part of sustainable development, as well as how great the need is. Millions of people in the
November 26, 2013
OPIC and Habitat for Humanity partnered together for a public outreach event this week highlighting challenges and opportunities in development related to Habitat for Humanity’s annual Shelter Report. The report, Step by Step: Supporting Incremental Building Through Housing Microfinance, focuses on microfinance in the developing world. OPIC Executive Vice President Mimi Alemayehou and Habitat for Humanity Executive Vice President Mike
October 18, 2013
Inter-Mac International Inc., which used OPIC financing to build a community of affordable homes on Choloma, Honduras, also built a number of community services on site, including an elementary school. See more pictures from this housing project in our Facebook photo album.
August 17, 2012
Housing construction at the site of Broad Cove Ecohomes, Liberia outside of Monrovia. Broad Cove is using an OPIC loan to build moderately-priced houses in a region where affordable housing is virtually nonexistent. Broad Cove is using renewable and locally-sourced materials including bricks made from compressed earth and cement which will keep the houses naturally cool.
May 31, 2012
In issuing our annual report for 2011, we also marked a milestone: 40 years of investing with impact across the developing world. Often we use this blog as an opportunity to talk about our new projects or our response to current global development challenges. But OPIC’s rich history also underscores how our development finance model endures in a world where the social, environmental
August 23, 2011
Site South Africa Sector Housing Challenge Large numbers of homeless in South Africa needed housing but even with government subsidies in place, local builders were often unable to obtain bank loans for construction projects. Solution OPIC, together with the Soros Foundation, provided a loan guaranty to a major South African bank to support lending to home builders through the country’s