The OPIC Blog

Archive for the India Tag

Featured photo: Solar panels offer a clean source of electricity in rural India

  As the Paris Climate Conference (COP21) brings together leaders from every end of the globe to share ideas on what we can do to combat climate change, we’re highlighting one of the several projects we’ve supported to help introduce renewable energy in developing countries around the world. Here, a worker in rural India prepares to install a portable solar Read more…

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Featured photo: Microfinance borrowers in India

On the occasion of Global Entrepreneurship Week, this photo shows some female microfinance borrowers in India, illustrating both the relatively small size of many microfinance loans and how these transactions are often conducted in cash. Millions of people around the world lack access to any sort of formal financial services and even small loans can bring a significant benefit in Read more…

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Manjula’s story: A look at one of the many entrepreneurs supported by OPIC investment

In honor of Global Entrepreneurship Week we’re featuring this video of Manjula, an Indian factory worker turned entrepreneur who transformed her life with a small loan provided through an OPIC partnership with Citi. Dissatisfied with her work in a garment factory, Manjula was able to start a small apparel business using a loan from the Indian microfinance institution Ujjivan, which Read more…

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Featured Photo: Illuminating remote Indian villages with solar power

Children do their school homework under a solar light provided by Simpa Networks, a Seattle company and OPIC client that used OPIC financing to introduce affordable solar power technology in remote Indian villages. Last month Simpa Networks received the 2015 OPIC Impact Award for excellence in development in the Renewable Energy category.

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Focus on OPIC Impact Award winners: Simpa Energy India Ltd.

When you expand access to energy, you expand access to opportunity. That was the founding premise of Simpa Energy India Ltd., a provider of solar-as-a-service in rural India, which OPIC recognized May 19 with an Impact Award recognizing excellence in development, in the renewable energy category. Simpa was one of seven OPIC clients honored with Impact Awards last week and Read more…

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Focus on Caspian Impact Investments: One of OPIC’s 2014 impact investments

In its work to foster broad development impact and economic growth, OPIC seeks to support projects that deliver inclusive benefits such as basic financial services to populations that have traditionally been unable to obtain loans to save, buy a home or fund a business venture. Over the last two decades India has developed into one of the largest economies in Read more…

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Obama highlights OPIC’s role supporting development in India

President Barack Obama this week highlighted OPIC’s work supporting lending to small and medium businesses in India, when he spoke at the U.S. India Business Council. Obama, who visited India along with OPIC President Elizabeth Littlefield to mark the anniversary of India’s independence, said that OPIC financing would support lending in many of India’s rural and urban regions that are Read more…

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Democracy and progress in India

By Elizabeth L. Littlefield President and CEO, Overseas Private Investment Corporation This post also appeared on The White House Blog. Sixty-five years ago this week, India’s post-independence democratic constitution went into effect, paving the way for the country to become not only a democracy but the world’s largest democracy. Today, as a country of well over a billion people encompassing Read more…

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Featured photo: Bringing power to rural India

This photograph depicts a few of the more than 400 million people in India who live in remote villages with limited access to electricity. OPIC financing is helping Simpa Networks introduce home solar kits that are affordable and easy to use. January 26 is Republic Day in India, marking 68 years since India’s constitution came into effect, paving the way for Read more…

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Business as a force for good: OPIC celebrates another banner year

  Simpa Networks, a new OPIC client is working to provide solar power to tens of thousands of rural Indians. OPIC this week announced fiscal year financial results showing another strong year in 2014, including $3 billion in financing and insurance commitments in emerging markets, which mobilized an additional $3.2 billion in private-sector investment. OPIC also extended its longstanding track Read more…

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