Featured photo: Kenyan woman giving back uses microfinance loan to open a school
In honor of Women’s Small Business Month, we’re featuring female entrepreneurs around the world who have benefited from OPIC financing. This picture shows schoolchildren in Rongai, Kenya heading to class Pine Breeze Academy, which was started by local entrepreneur Lillian Alwi.
Alwi obtained loans from KWTF, a microfinance institution supported by OPIC, and was able to open the school, which educates more than 500 local students from a poor community in the Ngong Hills.
Access to finance is a major development challenge throughout the developing world, and women are often particularly challenged to obtain loans to start or grow businesses. In addition to empowering individual women, providing them access to finance, often helps these women contribute to their local communities.