Citi Indonesia has partnered with the Overseas Private Investment Corporation (Opic) to support the growth of Bank Danamon’s microfinance programme, Danamon Simpan Pinajm (DSP), with a $20 million term loan. According to Citi, the loan is the first from itself and Opic for the microfinance sector in Indonesia and is part of a $250 million joint global initiative to support microfinance lending in emerging markets.
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