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Cablegate: Post Response to Microfinance International

This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS LIMA 005360

SIPDIS

DEPT FOR WHA/AND
COMMERCE FOR 4331/MAC/WH/MCAMERON
OPIC FOR RICHARD GREENBERG

E.O. 12958: N/A
TAGS: PE ENIV OPIC
SUBJECT: POST RESPONSE TO MICROFINANCE INTERNATIONAL
COOPERATION'S APPLICATION FOR OPIC FINANCE

REF: A) State 221167

1. This is an action request. Please see Para 3.

2. Post received OPIC's request for Embassy comments
regarding proposed OPIC financing for Microfinancing
International Corporation (MFIC) and how recent events may
impact the proposed project. After some internal
investigation, neither FCS nor the Economic Section has any
information about MFIC or their activities in Peru.
Normally, when a U.S. company is interested in developing
operations in Peru, the company meets with both the FCS and
Econ Section as part of its due diligence procedures. This
company has yet to meet with Embassy personnel.

3. Action Request: Post would like to further investigate
MFIC's operations in Peru before offering OPIC an opinion on
the proposed financing project. We request that OPIC submit
the following information via cable to Senior Commercial
Counselor Margaret Hanson-Muse and Economic Officer Samantha
Carl-Yoder:

--Contact information for MFIC or a subsidiary, in Peru.
--Information about MFIC's plans for operations in Peru; and
--Local contact information for MFIC's local partners in
Peru, including address and telephone numbers;

4. Post also requests a 30-day extension in order to
complete a through due diligence review. Post appreciates
OPIC's assistance.

STRUBLE

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