WorldBusiness Capital Closes $15 million OPIC-Guaranteed Loan to Alternativa in Mexico

Feb 24, 2019
WorldBusiness Capital, Inc. (WBC) announced the closing of a $15 million, 10-year commercial loan to Mexico-based Alternativa 19 del Sur, S.A. (Alternativa). WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. Proceeds of the loan will be used by Alternativa to significantly expand its funding of the micro-credit market, with a focus on providing home improvement loans and credit products for women-owned businesses in the underserved Southeast region of Mexico.
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