The OPIC Blog

Archive for the Small business Tag

How OPIC supports American small businesses and American jobs

National Small Business Week recognizes the important contributions of America’s small businesses and entrepreneurs. At OPIC, it’s an occasion to remind small businesses that they can benefit from engaging in the global economy. OPIC recognizes that small businesses have a lot to gain from expanding into developing markets and they are often the ones most in need of financing or Read more…

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Jobs, local procurement and support for local enterprises: How OPIC supports small businesses in Michigan

OPIC kicks off its 2015 Expanding Horizons workshop series next week with a May 7 workshop in Detroit, where small businesses can learn about some of the opportunities of expanding into emerging markets and the OPIC finance and political risk insurance tools that can help support them. Because many of the world’s fastest-growing markets are in developing countries, expanding abroad Read more…

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OPIC award-winning project highlights value of financial intermediaries in boosting small business lending

A milestone 2013 OPIC project to support lending to small businesses in Brazil was recognized earlier this month as Trade Finance Americas Deal of the Year by the international magazine, Trade Finance. OPIC committed a $400 million loan – alongside $80 million from Wells Fargo – in the project, which supports lending to underserved businesses, mostly in the lower-income parts of the country that Read more…

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Featured photo: Logistics startup employs hundreds in Tanzania

A truck driver and operations manager are just two of the 248 full-time workers employed in by Alistair James Co., which built a logistics and trucking company with the support of OPIC financing. In a region where limited rail lines and shipping ports makes businesses and local aid operations heavily reliant on trucking, U.S. businessman Alistair James built the company Read more…

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The story behind acai: How one small business helped make the rainforest “too valuable to cut down.”

Fourteen years ago, a business idea was hatched during a surfing vacation to Brazil when a group of friends from southern California discovered the tasty and nutrient-rich acai (ah-sigh-ee) berry. They started Sambazon (short for “sustainable management of the Brazilian Amazon”) to process the berries for sale in juices. But as a small startup, Sambazon faced difficulty obtaining credit. In Read more…

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OPIC at a glance

From a growing commitment to renewable resources to support for American small businesses, learn more about some of our major accomplishments in this cheat sheet.

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From mom-and-pop to job engine: How OPIC helped hundreds of small businesses in the West Bank

This post by James C. Polan, OPIC’s Vice President for Small and Medium Enterprise Finance, was originally featured on the U.S. State Department’s DipNote blog. The original post can be viewed here. Small businesses create jobs. It’s a widely accepted economic truth, but it’s not the whole story. The fact is, small businesses need money to grow, but they often Read more…

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Featured photo: Support for small businesses in the Middle East

OPIC President and CEO Elizabeth Littlefield toured a water bottling company in Ramallah this week during her trip to the West Bank, Israel and Jordan. This company received financing through the nonprofit Middle East Investment Initiative, an OPIC partner that supports small businesses in the Middle East. These small enterprises are critical to the region’s economic growth and job creation, Read more…

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Featured photo: Illuminating rural villages in India

A snack shop owner in a small town near Mangalore, India gets electricity to light the store from a simple pay-as-you-go solar system provided by Simpa Energy India Ltd., a subsidiary of Simpa Networks of Seattle. OPIC recently committed a $3 million loan to Simpa to support the introduction of up to 50,000 new solar systems in rural parts of Read more…

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Committing to continued investment in Africa

OPIC President Elizabeth Littlefield signs a memorandum of understanding on August 4 with Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank; and Thomas McCaffery (left), Wells Fargo executive vice president, expressing their interest in deepening cooperation to expand lending to small and medium enterprises in Morocco and other African countries. The MOU was one of multiple signed Read more…

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