Print this pagePrint

Press Release

Friday, March 5, 2010

OPIC Selects Velstand and Erfolg LTD as Originator in Enterprise Development Network

Velstand & Erfolg contact: 995-32-207205, g.gvalia@velstand-erfolg.com

WASHINGTON, D.C. –The Overseas Private Investment Corporation (OPIC) has selected Velstand & Erfolg LTD, a financial service organization located in Tbilisi, Georgia, to serve as an originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs) expanding into emerging markets overseas. 

The alliance, the Enterprise Development Network (EDN), is expanding the ability of OPIC – the U.S. government agency charged with facilitating U.S. private sector investment in emerging markets – to provide financing to SMEs doing business in developing countries.

Through the support of financial institutions, business consultants, associations, law firms and regional investment promotion agencies, EDN is designed to enhance SME access to OPIC products and services. By empowering such service providers, the network is resulting in more efficient, cost-effective delivery of services to American businesses.

Velstand & Erfolg LTD (V & E) is a financial service and consulting organization based in Tbilisi, Georgia. V & E was established in 2009.  The V & E management team has had prior experience working with OPIC and attracting long term financial resources for SMEs. Velstand & Erfolg is the first privately-owned company from the former Soviet Union and Eastern Europe that has been selected as a designated EDN Originator. Visit Velstand & Erfolg LTD on the web at www.velstand-erfolg.com. 
 


OPIC is the U.S. Government’s development finance institution.  It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy.  Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets catalyzing revenues, jobs and growth opportunities both at home and abroad.  OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.

 

Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported nearly $200 billion of investment in over 4,000 projects, generated $74 billion in U.S. exports and supported more than 275,000 American jobs.