WorldBusiness Capital Closes $7.5 million OPIC-Guaranteed Loan to Financiera FAMA in Nicaragua

Dec 05, 2017

MANAGUA, NICARAGUA, December 5, 2017 – WorldBusiness Capital, Inc. (WBC) announced the closing of a $7.5 million, 7-year commercial term loan to Managua-based Financiera Fama S.A. (Financiera FAMA). 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 WBC’s loan will be used by Financiera FAMA to on-lend to entrepreneurs and small businesses located throughout the country. Additionally, the new loan will enable Financiera FAMA to hire 100+ new employees over the next five years.

Print
Share by: