Caspian Impact Investments: Supporting lending to small and women-owned businesses in India
Sector: SME financing, microfinance, agriculture, housing
Challenge: India currently has a large credit gap in its financial services sector. Almost three quarters of India’s low-income population does not have access to commercial financial services, which limits their ability to grow, hire and contribute to overall economic growth.
Solution: OPIC in 2015 committed $20 million to Caspian Impact Investments, an investment fund that lends to small and medium enterprises and entrepreneurs in India in sectors including financial serves, sustainable agriculture, and affordable housing.
Impact: By providing financing to underserved sectors in the Indian economy, this investment will support job creation and promote transparent and responsible lending practices, while also providing access to affordable housing, and helping small farmers increase production.
This project was profiled in 2015