Partnering with local finance institutions to support women and MSMEs
Last week, OPIC bolstered its ongoing commitment to female entrepreneurs and micro, small, and medium sized enterprises (MSMEs) with two agreements to support lending to these groups.
OPIC on Thursday signed an agreement with XacBank and IFC supporting a $49 million loan focused on access to finance for women-owned small and medium sized businesses in Mongolia. That same afternoon, OPIC signed an agreement with IndusInd Bank supporting a $225 million OPIC commitment focused on MSMEs in India with at least 25 percent reserved for women entrepreneurs.
Entrepreneurs are critical to job creation and the economic fabric and development of their communities. And, through its partnerships with XacBank and IndusInd, OPIC seeks to help these small vital businesses gain access to finance and reach their full potential.
Learn more about how OPIC supports MSMEs and women entrepreneurs: