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Archive for the OPIC Impact Awards Tag

Spotlight on OPIC Impact Award winners: American Wool & Cashmere

OPIC seeks to support projects that will serve as foundations for sustained economic growth and one of the key ways this is accomplished is by creating opportunity for people in emerging markets. American Wool & Cashmere, which earlier this month won the 2016 OPIC Impact Award in the development impact category, has created opportunity for people in a remote region Read more…

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Featured Photo: Providing clean drinking water to hundreds of thousands of families in Algiers

In Algeria, where the Sahara meets the Mediterranean, sea water is abundant but drinking water is scarce. The Hamma Water Desalination plant uses reverse osmosis technology to transform sea water, a resource that is abundant but unusable in its natural form, into the most essential substance of human life. Today it provides clean drinking water to hundreds of thousands of Read more…

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Focus on OPIC Impact Award winner: QuantumID Technologies

  OPIC understands that American small businesses can play a critical role in the global economy, and the Agency actively reaches out to small businesses around the country. As a result, well over half the new development projects to which OPIC commits each involve an American small or medium business. The OPIC Impact Award in the American Small Business category Read more…

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OPIC Impact Awards celebrates all the ways our partners advance development

By Judith Pryor OPIC Vice President, Office of External Affairs Last week, I had the honor of serving as MC at the 2016 OPIC Impact Awards honoring excellence in development. The event took place and was co-hosted by the United States Chamber of Commerce. OPIC recognized seven of our partners and their projects, which have truly made a difference in Read more…

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OPIC Impact Awards: A recap in photos

OPIC honored seven partners for excellence in development at the 2016 OPIC Impact Awards July 7. Here’s a look at how they are supporting development in a variety of sectors and regions from agriculture to technology, from Sub-Saharan Africa to India, Afghanistan and Latin America.   Innovation: Westrock Coffee Co. Westrock Coffee of Little Rock, Arkansas used OPIC political risk 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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OPIC partners pay back

Last year, OPIC recognized its partner Sante GMT with an Impact Award for development impact. This year, the Georgia producer of milk and dairy products, which has helped create income for thousands of rural Georgian farmers, earned a different distinction, joining the long list of OPIC partners that have repaid their loans in full. In 2007, OPIC provided Sante with Read more…

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A “blueprint” for supporting small farmers: The Boston Globe features OPIC partner Root Capital

“In most countries, economic prosperity comes from small businesses, yet in the developing world, many businesses fail to thrive, or fail period, because they are systematically locked out of the banking sector,” Willy Foote founder and CEO of OPIC partner Root Capital, explains in this Boston Globe profile. “We’re trying to create a blueprint for how you lend in these Read more…

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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…

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Featured Photo: Illuminating remote Indian villages with solar power

Children do their school homework under a solar light provided by Simpa Networks, a Seattle company and OPIC client that used OPIC financing to introduce affordable solar power technology in remote Indian villages. Last month Simpa Networks received the 2015 OPIC Impact Award for excellence in development in the Renewable Energy category.

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