The OPIC Blog

Archive for the Microfinance Tag

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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Microfinance in the digital age

By Anthony Randazzo OPIC Director, Small and Medium Enterprise Finance   According to the World Bank, two billion people in the world today lack access to financial services. Disruptive technology is helping to change that.   While information technology has always been critical to the work of microfinance institutions, technology is profoundly changing the way financial services are being delivered Read more…

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How OPIC supports food security in the developing world

Over the past 10 years, OPIC has grown its agribusiness portfolio ten-fold. This infographic highlights projects OPIC has supported from Haiti to Moldova to Sub-Saharan Africa and illustrates not only OPIC’s commitment to improving food security, but also the recognition that increasing food production is only part of the challenge of reducing hunger and malnutrition. OPIC speaks of agribusiness, rather 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: Kenyan woman giving back uses microfinance loan to open a school

In honor of Women’s Small Business Month, we’re featuring female entrepreneurs around the world who have benefited from OPIC financing. This picture shows schoolchildren in Rongai, Kenya heading to class Pine Breeze Academy, which was started by local entrepreneur Lillian Alwi. Alwi obtained loans from KWTF, a microfinance institution supported by OPIC, and was able to open the school, which Read more…

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Featured photo: Malian woman supports family with restaurant business

In honor of Women’s Small Business Month, we’re featuring women in developing countries who have been able to start or grow a small business with the support of OPIC financing. The photo shows a mother of six in Mali preparing food to sell in her small restaurant that she has built with the help of microfinance loans from PAMIGA S.A., Read more…

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Featured photo: Sweet success in Uganda

In honor of World Food Day, we are highlighting agribusiness entrepreneurs such as Madina Namanda who owns and operates a successful wholesale, commercial pineapple plantation in Uganda and, in doing so, has been able to increase her income. With the help of OPIC, microfinance institution FINCA International has provided more than 1.5 million low-income people with the financing necessary to Read more…

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Featured photo: Supporting businesswomen in Costa Rica through microfinance

A local businesswoman in Costa Rica displays her merchandise at her tailoring business, which she was able to expand thanks to a loan from Coopenae. OPIC supported a Microfinance Growth Fund that provided Coopenae, the largest regulated financial cooperative in Costa Rica, with substantial micro and small business financing capabilities. As a result, small businesses have better access to finance Read more…

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How humanitarian and faith-based groups play a key role in development

Faith-based groups are in the spotlight this week as Pope Francis visits Washington to meet with political leaders and discuss some of the world’s major challenges from poverty to climate change. Rising above the complex politics of global religion, faith-based organizations with a focus on sustainable development have often been able to find common ground with more secular groups in Read more…

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