According to DFC documents, the Project involves a $28 million increase in OPIC’s investment guaranty to MFX Solutions (“MFX”), a U.S.- based organization that offers currency hedging services to micro, small and medium enterprise (“MSME”) financial intermediaries (the “Project”). OPIC provided an initial guaranty of $20 million to MFX in 2009, and this Project will extend the tenor and increase the size of the guaranty.
The OPIC-supported guaranty will permit MFX to increase the number of MSME clients to which it offers hedging services as well as offer hedging products to borrowers operating in certain impact sectors, such as renewable energy and housing.
The Project has been assigned a risk category of D.
*Project contacts not provided at the time of disclosure.*