DFC commits US$5m loan to BIX Capital to provide debt financing to SMEs

AFRICA – U.S. International Development Finance Corporation (DFC), formerly the Overseas Private Investment Corporation (OPIC), has committed a US$5 million loan to BIX Capital. In addition, FMO, the Dutch entrepreneurial development bank has reclassified part of its existing US$5 million commitment to mezzanine financing, showing their continued commitment to clean cooking and to BIX Capital. The loan from DFC will be used to provide debt financing to SMEs that enable access to high-impact products such as cookstoves and water purification systems, primarily in Sub Saharan Africa. The beneficiaries will be…

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