Posts Tagged ‘OPIC’

Tilman Ehrbeck Named as New CEO of CGAP

Microfinance Focus, Sep 1, 2010: Consultative Group to Assist the Poor (CGAP) has appointed Tilman Ehrbeck as its new Chief Executive Officer on Tuesday in Washington DC. Ehrbeck will succeed Elizabeth Littlefield, who was recently appointed President and CEO of OPIC (Overseas Private Investment Corporation). CGAP is an independent policy and research center and is supported by over 30 development agencies and private foundations. Housed at ... Full story

OPIC’s microfinance funding to help recovery in ‘dried up’ economies

By Asma Aziz Microfinance Focus, Feb. 2, 2010: In times when the global economies are still reeling from the after-effects of financial meltdown, United States’ investment agency, the Overseas Private Investment Corporation (OPIC), has mobilized its resources and skills to facilitate their recovery. Since its inception in 1971, OPIC has been active in more than 150 emerging markets and developing nations, and over the agency's 38-year history, ... Full story

OPIC provides $100M for SME lending in Turkey

Microfinance Focus, Dec. 23, 2009: The Overseas Private Investment Corporation (OPIC) is providing $100 million in financing to expand Turkey's Granti Bank for expanding lending to small and medium-sized enterprises (SMEs) and help women entrepreneurs in particular gain access to medium-to-long term credit that has been lacking for SMEs in the country. Garanti Bank will use the OPIC facility to provide medium-to-long term loans to SME ... Full story

OPIC $25 million loan to ProCredit to boost SME lending

Microfinance Focus, Nov. 30, 2009 : The Overseas Private Investment Corporation (OPIC) recently approved a $25 million loan ProCredit Holding (PCH) to boost lending to expand lending to micro and small and medium-sized enterprises (SMEs). The OPIC loan will provide PCH, the parent company for 22 financial subsidiaries worldwide which provide finance for micro and small businesses in developing countries, with capital in order to expand ... Full story

OPIC Board Approves $125 MN Microfinance Fund for Latin America

Microfinance Focus, November 22, 2009: The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $125 million for a microfinance growth fund that will provide much-need capital to microfinance institutions (MFIs) in Latin America and the Caribbean, said a statement. President Obama announced establishment of the fund at the Summit of the Americas in April, as a response to the impact of the ... Full story

OPIC provides $250 million to OPIC-Citi microfinance fund

Microfinance Focus, Sept. 24, 2009: The US state-run Overseas Private Investment Corporation (OPIC) will provide $250 million to expand a joint microfinance lending program with Citi Group that is aimed to help 480,000 borrowers especially in the emerging markets worldwide. Full story
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