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OPIC monitoring trip to Kenya

October 09, 2012

By: Tim Harwood An interdepartmental OPIC team traveled to Kenya in June to monitor the performance of three financial institutions whose microfinance lending is supported by the agency:  Musoni, the Kenya Women’s Finance Trust, and Equity Bank. Over the course of three days, members of OPIC’s Office of Investment Policy, Portfolio Management Department, Small and Medium-sized Enterprise Finance Department, and
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Investing in better harvests

August 13, 2012

Workers at the FAIM company in Rwanda begin planting new, virus-free banana plant seedlings. These seedling will help farmers boost their farm production, their incomes, and the local food supply. In Rwanda, deficient seed and plant stocks hinder food production and impair the health and nutrition of communities that depend on local food. For example, the use of diseased plants
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Featured photo: Blessings hair salon in Kawangware, Nairobi

July 13, 2012

Jane Akoth, owner of Blessings Hair Salon in the Nairobi suburb of Kawangware, used a microloan from Musoni – a Kenyan microfinance institution that enables clients to manage their loans via mobile phones – to buy new dryers and other machines that have helped her business grow after theft almost ruined her a few years ago. Musoni’s technology enables Jane
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Extending the reach of microfinance

June 11, 2012

OPIC’s 2011 annual report takes a look back at the agency’s first 40 years and highlights some lending programs from the 1970s that delivered loans – sometimes in amounts less than $1,000 – to individuals and small businesses in developing countries. Decades before microfinance became widely recognized as an effective tool for supplying small loans to individuals and small businesses, OPIC was
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Renewing the future through investment

November 30, 2011

OPIC’s work catalyzing private-sector investment to solve critical world challenges is increasingly focused on the renewable resources sector, with projects that support clean and sustainable development. On Dec. 2, OPIC will highlight its work in renewable resources at the COP 17, the United Nations Climate Change Conference in Durban, South Africa. OPIC President and CEO Elizabeth Littlefield and John Morton,
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Hot springs tapped for geothermal energy in a Kenyan national park

September 28, 2011

Hell’s Gate National Park in Kenya, named for its hot springs and volcanoes, is also the site of a geothermal power plant. On September 22, OPIC approved up to $310 million in financing to the plant’s operator to support an expansion that will double operating capacity and add clean energy to the country’s electricity grid. The loan, to OrPower 4 Inc.
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