News
Opportunity International Awarded $2 Million Grant From Visa Foundation to Remove Barriers and Unlock Capital to Women-Led Business
Opportunity International, a longstanding global leader in providing financial services, training and support that lifts people out of poverty, has been awarded a $2 million grant from Visa Foundation to provide micro and small business loans, digital tools and specialized technical training to women-led small- and micro businesses in the Democratic Republic of the Congo (DRC), Ghana, Nigeria and Uganda.
By employing innovative digital tools that are powered by machine learning and credit scoring algorithms, and utilizing innovative finance instruments such as collateral and interest rate buy-downs, the grant will help unlock an additional $14 million in capital through small business loans to women-led businesses.
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