WorldBusiness Capital Closes $15 Million OPIC-Guaranteed Loan to LOLC Micro Credit in Sri Lanka
October 16, 2017
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.
