The OPIC Blog

Archive for the India Tag

Featured Photo: Expanding access to finance to women in rural India

  Photo Credit Iftin Fatah Female entrepreneurs who have obtained financing from OPIC-supported Satin Creditcare Network Limited gather for a group meeting in Galand Village in Utter Pradesh State.  At a time when access to finance is so limited in developing countries,  financing provided by Satin Creditcare has provided individual loans to urban shopkeepers in India. Since Satin was founded Read more…

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Why is the U.S.-India solar partnership historic? One foundation weighs in

“More than 300 million people in India – that’s a quarter of the Indian population, mostly rural poor – cannot turn on a light. What power they have for their homes and kitchens comes from kerosene, wood, coal and cow manure. This takes a huge toll on people’s health, not to mention on the nation’s economy and air quality. Solar Read more…

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OPIC committed to continued support of renewable energy projects in India

  This week’s historic agreement between the U.S. and India to address climate change recognizes the need for private investment and will work to support early stage projects seeking financial support from OPIC. The new U.S. India Clean Energy Finance Initiative will raise and deploy up to $20 million in project preparation support, sourced from U.S. foundations and the government Read more…

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Featured Photo: Homework continues after the sun goes down

Two students in India continue working on their homework after the sun goes down with the use of Greenlight Planet’s portable solar light. OPIC provided a $5 million in financing to help Greenlight Planet introduce affordable solar lighting and phone charging stations in emerging markets around the world. Chicago-based Greenlight Planet has its roots in the University of Illinois, where Read more…

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Partner spotlight: How MicroVest combines a commercial and social approach to microfinance investing

Earlier this week OPIC announced that it has surpassed $1 billion in financing to support microfinance investing around the world. Here, we look at one of our microfinance partners, Bethesda, Maryland-based MicroVest, which invests in microfinance institutions in over 30 developing countries. Here, MicroVest explains its approach to successful microfinance investing and the ways OPIC has supported it.  MicroVest has an Read more…

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Advancing development by investing in microfinance: OPIC’s Richard Greenberg explains

OPIC, which has actively supported microfinance investment for more than a decade, recently announced that it has surpassed the $1 billion mark in financing to support microfinance projects around the world. Here, Richard Greenberg, OPIC Managing Director, OPIC Micro and SME Finance, discusses the important role microfinance places in OPIC’s development mission, and why OPIC financing plays an important role Read more…

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Slideshow: How OPIC invests in women

By investing in development, OPIC invests in women. As the world marks International Women’s Day, these images show some of the women who have benefited from our work. Helping farmers in Africa earn more income. OPIC supports multiple projects, such as the One Acre Fund, that provide financing and training to smallholder farmers so they can grow more food and Read more…

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Featured Photo: Supporting small business in India with microloans

Entrepreneur Neelam Devi, pictured with her husband, holds a sheet of silkscreened tags created in her small screen-printing business in Patna, India. Once only contracted with clients in their small neighborhood, now has contracts more than 100 miles away. With a microfinance loan from OPIC partner client Ujjivan, the Devis have expanded their business and have been able to earn Read more…

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Portfolio for Impact: How OPIC assembled a collection of small, high-impact projects

In multiple African countries from Mali to Togo, small rural farmers have been able to increase food production over an extended growing season because they obtained microfinance loans to buy irrigation equipment. In India, where almost half the student population attends private schools, one company is providing loans to make these schools affordable to more low-income students. And in emerging Read more…

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Featured Photo: Supporting entrepreneurs in India

A woman named Manjula, who owns a small dressmaking business in Bangalore, sends fabric to her shop. Manjula is one of the many entrepreneurs and small businesses that OPIC has supported through financing to the Indian microfinance institution Ujjivan alongside fellow lender Citi. Ujjivan offers a range of loans, from individual loans as small as $30, to group loans to Read more…

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