Featured Photo: Helping low income families purchase homes
In Nicaragua, a boy steps out of his home that his family was able to purchase with a microfinance loan from OPIC-supported MicroBuild. Millions of people throughout the developing world lack access to formal financial services like bank mortgages, but the microfinance lending supported by Atlanta-based Habitat for Humanity’s MicroBuild Fund has help support microfinance lending for housing to people who could not access traditional bank mortgages. The microfinance loans have helped more than 6,000 households and 30,000 individuals build basic homes like the one pictured above, or improve their homes.
OPIC’s initial $45 million loan to MicroBuild in 2012 was followed with a commitment for an additional $45 million in 2015 to support lending to microfinance institutions making housing loans. The nonprofit impact investor Omidyar Network is co-investing in the project.
OPIC travels to Atlanta on May 3 to host its Expanding Horizons workshop to educate small businesses about the opportunities of investing in emerging markets, and to kick off the tenth anniversary of the event, which has reached thousands of small businesses around the country.
Learn more about OPIC’s partnership with MicroBuild
Learn more about Expanding Horizons