OPIC Selects Velstand and Erfolg LTD as Originator in Enterprise Development Network
March 5, 2010
WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has selected Velstand & Erfolg LTD, a financial service organization located in Tbilisi, Georgia, to serve as an originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs) expanding into emerging markets overseas.
The alliance, the Enterprise Development Network (EDN), is expanding the ability of OPIC – the U.S. government agency charged with facilitating U.S. private sector investment in emerging markets – to provide financing to SMEs doing business in developing countries.
Through the support of financial institutions, business consultants, associations, law firms and regional investment promotion agencies, EDN is designed to enhance SME access to OPIC products and services. By empowering such service providers, the network is resulting in more efficient, cost-effective delivery of services to American businesses.
Velstand & Erfolg LTD (V & E) is a financial service and consulting organization based in Tbilisi, Georgia. V & E was established in 2009. The V & E management team has had prior experience working with OPIC and attracting long term financial resources for SMEs. Velstand & Erfolg is the first privately-owned company from the former Soviet Union and Eastern Europe that has been selected as a designated EDN Originator. Visit Velstand & Erfolg LTD on the web at www.velstand-erfolg.com.