US embassy cable - 04GUATEMALA407

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BLUE ORCHARD MICROFINANCE: EMBASSY COMMENT ON OPIC APPLICATION

Identifier: 04GUATEMALA407
Wikileaks: View 04GUATEMALA407 at Wikileaks.org
Origin: Embassy Guatemala
Created: 2004-02-20 16:47:00
Classification: UNCLASSIFIED
Tags: EINV GT
Redacted: This cable was not redacted by Wikileaks.
This 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 

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