DFC & USAID Partner with Opportunity Bank to Launch Refugee Lending Fund

The U.S. International Development Finance Corporation (DFC), the U.S. government’s development finance agency, has signed an agreement with Opportunity Bank Uganda Ltd that will enable an increase in lending to refugee businesses and Ugandan host communities by up to $9 million (33 billion UGX) over the next six years. This first-of-its-kind partnership in Africa is intended to help create and grow 60,000 small enterprises across Uganda access financing. Roughly 70 percent of these loans will be for refugees, and 30 percent will be allocated to members of Ugandan host communities.
The U.S. Agency for International Development (USAID) is supporting the partnership by providing advisory services to prospective borrowers and Opportunity Bank. Given that 18,000 loans are specifically targeted for women, USAID is providing financial training to women borrowers and helping Opportunity Bank to design and market the loans to women. USAID will provide business skills to borrowers and support refugee lending across Opportunity Bank branches. #refugeesupport #refugeefinancing #newsupdates #ugandacatholictelevision #uctvuganda #uctv #uctvnewsupdates #uctvnews #refugeelendingfund #refugeelendingprogram #refugeelendingproject #opportunitybanknakivale #opportunitybankuganda #OpportunityInternational #DevelopmentFinanceCorporation #Banking