The OPIC Blog

Archive for the Microfinance Tag

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…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

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…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Six days in Georgia: A tour of the projects OPIC supported to help rebuild this young nation

(Part One in series on OPIC’s work in Georgia) By Judith Pryor Vice President, OPIC Office of External Affairs I’ve visited several OPIC project sites from Kenya to the West Bank, but nothing quite compares with my recent visit to Georgia where, over the course of six days, I was able to visit 18 OPIC-supported projects spanning a range of Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Featured photo: Helping small farmers in Lebanon gain access to finance

Ghada El Sheikh, a small scale farmer in Lebanon, used a loan from Global Communities to purchase fertilizer and irrigation equipment to help her generate more income for her family. Global Communities’ microfinance lending in Lebanon is supported by $20 million in OPIC financing, which has helped it provide nearly 36,000 loans to small businesses, entrepreneurs and farmers – like Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Featured Photo: Supporting harvests with microfinance

A woman harvests her crop with support from a microfinance loan from Massachusetts-based Root Capital. OPIC provided Root Capital with $20 million in OPIC financing for their work with supporting agribusinesses throughout Africa, Asia and Latin America. On May 19, Root Capital received the 2015 OPIC Impact Award for Renewable Resources. Read more about Root Capital and all the OPIC Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Focus on OPIC Impact Award Winners: Global Communities

Just like roads, power plants and other physical infrastructure are essential to the success of a community, so too is financial infrastructure. If you want to promote widespread opportunity, economic growth and job creation, you have to give people the tools to enable them to save for the future, fund increased agricultural production, and start and expand small businesses. Financial Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Water for agriculture: How one innovative project is helping African farmers grow more food

March 22 is World Water Day, an occasion to remember how water is fundamental to life and fundamental to global development. In many parts of Africa, poor farmers operate with little equipment and can only water their crops when it rains. Being so dependent on the weather for their livelihood is not only inconvenient, it’s also costly. Even a lengthy Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Featured photo: Supporting microfinance lending to women in Africa

A BRAC microfinance recipient who has used loan money to support her restaurant business is joined by other women during a solidarity group meeting in Tanzania. OPIC financing has supported microfinance lending in East Africa through BRAC, a Bangladesh development organization. BRAC-Tanzania has opened more than 100 new microfinance branches serving an estimated 109,000 borrowers in Africa, 98 percent of Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

A plan to empower more than 1 million women: OPIC featured in The Huffington Post

Many women in the developing world are sidelined from economic progress because of limited access to financial services like savings accounts, loans and insurance. The Huffington Post features a piece by OPIC President and CEO Elizabeth Littlefield and Bob Annibale, Citi’s Global Director of Community Development and Microfinance, on an OPIC-Citi partnership that addresses this challenge. Through a joint program Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email

Why global development is a women’s issue

By Judith Pryor Vice President, Overseas Private Investment Corporation The developing world faces a multitude of challenges from poverty to food insecurity to insufficient electricity, all which limit the lives of millions of men and women. But in my time working to support global development at the Overseas Private Investment Corporation (OPIC), I’ve come to understand that many of these Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email