The OPIC Blog

Archive for the Small business Tag

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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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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Partner spotlight: How OPIC outreach workshops connect small businesses with the global market

In 2010 Milind Tavshikar (pictured) was a recent graduate of MIT’s Sloan School of Business with a winning business plan built around a technology he’d developed to lower the cost and improve the efficiency of shipping cargo. SmartKargo is a cloud-based RFID technology that uses handheld devices to scan cargo before it is loaded onto aircraft. Because it is cloud-based, Read more…

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Four ways OPIC projects support access to water around the world

World Water Week seeks to highlight the key role that water plays in advancing global health and prosperity, and to foster discussion around innovative and effective ways to increase access to water for drinking, agriculture and health and sanitation. This year the occasion follows closely on the heels of the U.N.’s Financing for Development conference last month and seeks to 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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Throwback Thursday: A look at the 2014 inaugural OPIC Impact Award winners

As we wrap up the 2015 OPIC Impact Awards recognizing the work of seven clients who demonstrated excellence in development, we wanted to look back at last year’s inaugural awards, the first time we hosted an event to formally honor the diverse work of our clients and the positive impact they are having around the world. The inaugural 2014 awards Read more…

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OPIC’s Impact Awards: A recap in pictures

OPIC recognized seven clients for excellence in development at the May 19 Impact Awards, which featured keynote addresses from Ambassador Susan Rice and Myron Brilliant of the U.S. Chamber of Commerce, a new video showcasing OPIC’s work, as well as clients from Sub-Saharan Africa to Latin America who have partnered with OPIC to improve people’s lives. Here’s a look at Read more…

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New video illustrates how OPIC supports development

Developing countries are at the forefront of possibility in today’s world, but they also face significant challenges that are too great to be addressed by aid or the public sector alone. This new video illustrates how OPIC works with the private sector to address many of these challenges and make a positive difference in some of the poorest and most Read more…

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OPIC awards seven clients Impact Awards for excellence in development

OPIC recognized seven clients for excellence in development at its May 19 Impact Awards. Clients were recognized for projects that bring electricity to remote villages in India, financial services to small businesses in the Middle East, affordable education to poor families in Sub-Saharan Africa and much more. “It’s easy to think of international development in far-flung corners of the world Read more…

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Throwback Thursday: A look at why the world’s poor are a good credit risk

Does it make sense to lend to the world’s poorest people? Two years ago, OPIC Deputy Vice President John Aldonas tackled this question in a piece on The OPIC Blog, where he noted that microfinance lending can lead to explosive growth in productivity and help small businesses attain the scale they need to succeed. Because so much of OPIC’s work Read more…

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