Identifier
Created
Classification
Origin
04GUATEMALA407
2004-02-20 16:47:00
UNCLASSIFIED
Embassy Guatemala
Cable title:
BLUE ORCHARD MICROFINANCE: EMBASSY COMMENT ON OPIC
how-toThis record is a partial extract of the original cable. The full text of the original cable is not available. 201647Z Feb 04
UNCLAS GUATEMALA 000407
SIPDIS
PASS OPIC FOR LOREN RODWIN
E.O. 12958: N/A
TAGS: EINV GT
SUBJECT: BLUE ORCHARD MICROFINANCE: EMBASSY COMMENT ON OPIC
APPLICATION
REF: SECSTATE 30469
Banrural and Genesis Empresaria are well known and respected
Guatemalan financial institutions. USAID continues to work
with both organizations and has separately provided detailed
comments on the proposal. Both institutions have
micro-finance experience, and Banrural in particular has a
wide reach, working in the more remote areas of Guatemala.
Consultations with various private sector elements, NGOs and
financial supervision officials revealed no serious concerns
about either institution. Post supports the intent of the
project and the use of these organizations.
HAMILTON