The OPIC Blog

Archive for the Microfinance Tag

How OPIC is helping advance financial inclusion in India

By Iftin Fatah, OPIC Portfolio Monitoring Specialist – Development Partnership Framework Division    Financial inclusion has come a long way in India, but it still has a long way to go. Five years ago, only about one-third of India’s adult population had an account at a traditional banking institution, according to World Bank data.  Over the last few years, the Read more…

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Featured Photo: Supporting producers of bird’s eye chili peppers

In Eastern Uganda, bird’s eye chili pepper farmers are producing more chili peppers and connecting to larger markets. OPIC partner and 2015 OPIC Impact Award winner Root Capital, not only provides small loans when commercial financing is not available, but provides training and support to help farmers produce more food and connect to larger markets. With Root’s support, many of Read more…

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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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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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