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OPIC promotes Afghan small businesses
01 February 2012
OPIC and Afghan Growth Finance (AGF) enter new agreement to expand small business lending in Afghanistan.
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OPIC
AGF
Afghanistan
SMEs
development finance
Small businesses in Afghanistan, a vital engine of economic growth in the country but one that has lacked access to credit, received a boost with the announcement that the Overseas Private Investment Corporation (OPIC), the US 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.
The OPIC-AGF participation facility expands the existing partnership between the two by raising its existing $4 million loan cap. Addressing...
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