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Featured photo: Supporting microfinance lending in sub-Saharan Africa

The credit portfolio manager of WAGES, a microfinance institution in Sub-Saharan Africa, speaks to a group of farmers in Togo

 

The credit portfolio manager of WAGES, a microfinance institution in Sub-Saharan Africa, speaks to a group of farmers in Togo who have used micro-loans to install micro-irrigation systems to improve crop productivity.

OPIC, along with the Calvert Foundation, is providing financing for the launch of a new fund for microfinance institutions that are members of the Participatory Microfinance Group for Africa (PAMIGA) network, such as WAGES, to help expand investments in water and renewable energy across sub-Saharan Africa.

This new fund will lend to microfinance institution to bolster financing options that are relatively scarce for borrowers, such as loans with longer tenors or seasonally adjusted repayment plans.

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