Question: How much amount of loan was given to ‘Rural Impact Investments’ by US Overseas Private Investment Corporation (OPIC: OPIC)?
(a) $ 5 million
(b) $ 6 million
(c) $ 7 million
(d) $ 8 million
Ans: (a)
Related Facts:-
- In June 2018, a $ 5 million loan was given to ‘Rural Impact Investments’ by US Overseas Private Investment Corporation (OPIC).
- This loan is to support domestic small and medium enterprises.
- ‘Rural Impact Investments’ is an NBFC (Non-Banking Financial Company).
- This NBFC has been financed by the IndusInd Bank.
- This financing is actually a loan guarantee agreement.
See also the links below:-
https://www.opic.gov/press-releases/2018/opic-provides-5-million-financing-grameen-impact-investments-india
https://economictimes.indiatimes.com/small-biz/sme-sector/opic-gives-5-million-loan-to-grameen-impact-via-indusind-bank/articleshow/64557862.cms
http://netindian.in/news/2018/06/12/00048282/opic-provides-5-million-financing-grameen-impact-investments-india