News
Tugende wins African Banker 2022 Financial Inclusion Award
ACCRA, GHANA - Tugende, an MSME lending fintech in Uganda and Kenya won the 2022 Financial Inclusion Award at the 2022 African Banker Awards announced on 25 May. The Awards, held in Accra, Ghana in conjunction with the African Development Bank’s annual meetings,...
EarthSpark named “Sustainable Energy Initiative of the Year”
I'm delighted to share that EarthSpark's work in Haiti was named "Sustainable Energy Initiative of the Year" by Island Innovation and The Clinton Global Initiative. Applicants hailed from around the world. The other finalists are doing great work in Greece and Puerto...
India-Based Asirvad Microfinance Obtains $15 Million Loan from WBC to Support Rural Businesses
CHENNAI, INDIA - June 15, 2021 - WorldBusiness Capital, Inc. (WBC) announced the recent closing of a $15 million commercial loan to India’s Asirvad Microfinance Limited. WBC’s loan is guaranteed by United States International Development Finance Corporation (DFC),...
DFC Achieves First Close of $100 Million Loan to WaterEquity’s Global Access Fund to Improve Access to Water and Sanitation
WASHINGTON – U.S. International Development Finance Corporation (DFC) funded the first $25 million tranche of DFC’s $100 million loan to WaterEquity’s Global Access Fund, a $150 million impact investment vehicle targeting inclusive financial institutions in emerging...
Beyond Clichés – The Case of Feminist Electrification in Haiti
The much vaunted phrase “win-win” doesn’t begin to capture the Haitian rural electrification project I have recently been evaluating. The Earth Spark mini-grid project implemented through local affiliate Enèji Pwòp (Clean Energy in the Haitian Creole language)...
WorldBusiness Capital Closes $15 Million OPIC-Guaranteed Loan to Tengri Bank in Kazakhstan
ALMATY, KAZAKHSTAN – WorldBusiness Capital, Inc. (WBC) announced the closing of a $15 million, 10-year commercial loan to Tengri Bank JSC (Tengri) of Kazakhstan. WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency...
WorldBusiness Capital Closes $10 Million OPIC-Guaranteed Loan to Kenya’s Victoria Commercial Bank Providing Funding for Small and Women Owned Businesses
NAIROBI, KENYA – WorldBusiness Capital, Inc. (WBC) announced the closing of a $10 million, 10-year commercial loan to Victoria Commercial Bank Limited (VCB) of Kenya. WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government...
WorldBusiness Capital Closes $15 Million OPIC-Guaranteed Loan to Fedecredito in El Salvador
SAN SALVADOR, EL SALVADOR – WorldBusiness Capital, Inc. (WBC) announced that its Americas Lending Team has closed a $15 million, 8-year loan to San Salvador-based Federacion de Cajas de Credito y de Bancos de los Trabajadores, S.C. de R.L. de C.V. (Fedecredito). WBC’s...
WorldBusiness Capital Closes $8 Million OPIC-Guaranteed Loan to Bank Vostok in Ukraine
DNIPRO, UKRAINE – WorldBusiness Capital, Inc. (WBC) announced the closing of an $8 million, 10-year commercial loan to Ukraine’s Bank Vostok. WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American...
WorldBusiness Capital Closes $15 Million OPIC-Guaranteed Loan to Golomt Bank in Mongolia
ULAANBAATER, MONGOLIA – WorldBusiness Capital, Inc. (WBC) announced the closing of a $15 million, 8-year commercial loan to Golomt Bank of Mongolia. WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps...
WorldBusiness Capital Closes $15 Million OPIC-Guaranteed Loan to LOLC Micro Credit in Sri Lanka
COLOMBO, SRI LANKA – WorldBusiness Capital, Inc. (WBC) announced the closing of $15 million, 10-year commercial loan to LOLC Micro Credit Limited (LOMC). The loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps...
The Road to Inclusion: South African Taxi Drivers are Running on Empty
GAUTENG PROVINCE, SOUTH AFRICA – SA Taxi provides loans to taxi drivers in South Africa who cannot otherwise get access to finance. While this has provided jobs and more reliable and sustainable transport for thousands who rely on taxi minibuses for work or school,...
OPIC Enters into $250 Million Partnership with Bayport Management
WASHINGTON, D.C. – Bayport Management Ltd, a leading emerging market financial services group, today announced the closing of a $250 million senior debt facility with the Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance...
Nafith International Begins Operation of Port Capacity Management System in Iraq
VIENNA, VA – Nafith International, NTELX International’s Middle Eastern subsidiary, will start operating a system at Iraq’s seaports to streamline truck movements. Read More
OPIC and Citi Strengthen Partnership for Development Financing
WASHINGTON, D.C. – Last month, the Overseas Private Investment Corporation's (OPIC) Board of Directors approved two new framework agreements that further align our organization with Citi in sharing credit risk for development financing in overseas projects. Read...
Global Communities and OPIC Announce 15-year Guaranty Facility in Lebanon
WASHINGTON, D.C. – Global Communities and the Overseas Private Investment Corporation (OPIC) today announced that OPIC has agreed to provide a $25 million, 15-year loan guaranty facility to Global Communities’ subsidiary Vitas s.a.l., to support expanded lending to...
OPIC Commits $87.5 Million to First Fund-of-Funds, Supporting Impact Investment
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OPIC and AGF Enter New Agreement to Expand Small Business Lending in Afghanistan
WASHINGTON, D.C. – Small businesses in Afghanistan, a vital engine of economic growth in the country but one that has lacked access to credit, received a boost today when the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance...
SEAF Launches Global Facility To Invest In Growing Smes
WASHINGTON, D.C. – Small Enterprise Assistance Funds (SEAF) has established a new global facility to provide working capital for growth-oriented small and medium enterprises... Read More
OPIC Board Approves $30 Million for SME Lending Project in Afghanistan
WASHINGTON, D.C. – WASHINGTON. D.C. – The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved a $30 million loan to a successful... Read More