CHF International Distributes First Installment of $10M Loan to Romanian Microfinance Institution

CHF International Distributes First Installment of $10M Loan to Romanian Microfinance Institution


Washington, DC. – April 14, 2009 – Express Finance IFN S.A. – a Romanian non-bank financial institution wholly owned by CHF International – and the Overseas Private Investment Corporation (OPIC) concluded a loan agreement for up to $10 million. The first disbursement of $2,000,000 USD was issued on June 17, 2009. Express Finance will use the capital funds from OPIC to continue growing their loan portfolio and to expand their services and outreach in Romania.

Express Finance offers access to financial services to un-served and underserved micro-, small and medium entrepreneurs across Romania, with a growing emphasis on promoting growth in rural areas. With the additional funding from OPIC, EF will further diversify loan products in order to widen its product range, to better serve its current customers and attract new clients and businesses.

Express Finance was established in January 2006 as a stand alone financial institution to continue the microfinance activities previously executed by CHF International’s microfinance program in Romania. In May 2007 it was registered with the National Bank of Romania as a non-bank financial institution. For more information please visit:

CHF International is an international development and humanitarian assistance organization, currently working in 26 countries around the world. The organization's mission is to be a catalyst for long-lasting positive change in low- and moderate-income communities around the world, helping them to improve their social, economic and environmental conditions. CHF International programs are community-led initiatives designed to build a better world. For more information, visit

OPIC was established as an agency of the U.S. government in 1971. It helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.

OPIC's political risk insurance and financing help U.S. businesses of all sizes invest in more than 150 emerging markets and developing nations worldwide. Over the agency's 38-year history, OPIC has supported $188 billion worth of investments that have helped developing countries to generate over 830,000 host-country jobs. OPIC projects have also generated $72 billion in U.S. exports and supported more than 273,000 American jobs. Visit OPIC on the web at