NEWS

12-26-2017

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 loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. The proceeds of WBC’s loan will enable Fedecredito to provide financing to its 55 member credit unions and banks supporting SMEs throughout El Salvador.

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12-21-2017

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 businesses invest in emerging markets. WBC’s OPIC-supported loan will enable Bank Vostok to expand its lending to local small and medium-sized enterprises (SMEs) in Ukraine that are involved primarily in the processing, distribution, and export of agricultural products.

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10-16-2017

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 American businesses invest in emerging markets. The financing will provide a stable, long-term funding source for Golomt to support its lending to small and medium-sized enterprises (SMEs) throughout Mongolia, primarily businesses in the agribusiness sector.

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10-16-2017

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 American businesses invest in emerging markets. The financing will be used to support LOMC’s expansion of its microfinance lending and leasing programs for underserved segments of the small business community in Sri Lanka.

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08-31-2017

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, the interest rates being charged have raised concerns over drivers’ capacity to repay the debt.

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02-02-2016

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 institution. The long-term loan will support the group’s financial inclusion and growth agenda across its operations.

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12-15-2014

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.

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04-28-2014

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.

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09-30-2013

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 underserved entrepreneurs in Lebanon.

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05-14-2012

OPIC Commits $87.5 Million to First Fund-of-Funds, Supporting Impact Investment

WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today signed a commitment letter pledging $87.5 million in financing for the first fund-of-funds in the agency’s portfolio, the latest step in OPIC’s support for the fast-growing impact investment sector.

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02-27-2012

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 institution, and Afghan Growth Finance (AGF), a subsidiary of the Small Enterprise Assistance Funds (SEAF), signed an agreement to co-finance small business loans of up to $11.5 million.

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07-15-2010

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…

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04-05-2010

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…

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11-12-2009

FINCA International And Deutsche Bank Announce First-Ever Single Microfinance Network Sub-Debt Deal

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…

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