The OPIC Blog

Archive for the Microfinance Tag

Featured Photo: Helping low income families purchase homes

In Nicaragua, a boy steps out of his home that his family was able to purchase with a microfinance loan from OPIC-supported MicroBuild. Millions of people throughout the developing world lack access to formal financial services like bank mortgages, but the microfinance lending supported by Atlanta-based Habitat for Humanity’s MicroBuild Fund has help support microfinance lending for housing to people Read more…

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OPIC’s Littlefield on Medium blog: Microfinance, charting new territory

OPIC, recently announced surpassing $1 billion in microfinance support, and has been taking a closer look at our microfinance portfolio. This week on Medium, OPIC President and CEO Elizabeth L. Littlefield discusses why OPIC’s microfinance investments have a strong, positive developmental impact in host countries, while also performing well in OPIC’s portfolio. OPIC’s highly diversified microfinance portfolio spans than 180 Read more…

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Featured Photo: Peruvian artisan turns craft into a successful business

Peruvian artisan, Inés Callanaupa, received financing through OPIC-partner Global Partnerships to grow her business and is an example of how OPIC reached a milestone of $1 billion in microfinance loans. Callanaupa has used the financing to turn her craft of textile weaving into a successful business that enables her to support her family and employ 45 other women. Many entrepreneurial 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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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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How OPIC has helped thousands of families purchase basic homes

OPIC’s commitment to impact investing spans many sectors, including affordable housing. Projects OPIC supports have constructed tens of thousands of affordable homes for individuals and families in the developing world, from Latin America to Sub-Saharan Africa, and provided more than 200,000 affordable mortgages in developing countries. Habitat for Humanity International is a key partner of OPIC, which provides financing to Read more…

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Featured photo: Improving low-income housing in Cambodia

A family in Cambodia applies for a home loan improvement loan facilitated by Habitat for Humanity’s Microbuild fund, an OPIC partner. Microbuild has used OPIC financing to improve its lending capacity to microfinance institutions, which in turn provide housing loans to low and middle income families throughout much of the developing world. In addition to supporting loans to populations that 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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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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