1.14.2008 - 12:10pm ET

(CSRwire) BOSTON, MA - January 14, 2008 – ACCION International, a pioneer and leader in microfinance, today announced that it has been chosen as one of 50 nonprofit organizations to receive donations raised in 2008 by CREDO Mobile, a service of Working Assets, a mobile, long distance and credit card provider that is described as one of the most powerful citizen-action groups in the United States.

CREDO members nominate organizations to receive donations raised through their purchases. By giving a portion of customers' charges, members have generated over $50 million for progressive organizations since 1985.

ACCION International’s mission is to give people the financial tools they need to work their way out of poverty. By providing 'micro' loans, financial services and business training to poor men and women who start their own businesses, ACCION and its partner microfinance organizations help people work their own way up the economic ladder, with dignity and pride.

"We are grateful to CREDO for recognizing the power and potential of microfinance to combat global poverty, and for recognizing ACCION as a worthy steward of their philanthropy," said María Otero, president and CEO of ACCION. "These donations will help us to deliver financial services to an even greater number of working poor around the world."

About ACCION

ACCION International is a private, nonprofit organization with the mission of giving people the financial tools they need - microenterprise loans, business training and other financial services – to work their way out of poverty. A world pioneer in microfinance, ACCION was founded in 1961 and issued its first microloan in 1973 in Brazil. ACCION International's partner microfinance institutions today are providing loans as low as $100 to poor men and women entrepreneurs in 25 countries in Latin America, Asia, Africa and the United States. In the last decade alone, ACCION partners have disbursed more than 17.9 million loans totaling more than $12.3 billion; 97 percent of the loans have been repaid. Selected for the fifth consecutive year for its pioneering approaches to poverty alleviation, ACCION was among 45 organizations awarded the 2008 Social Capitalist Award by Fast Company Magazine/Monitor Group. ACCION has also been awarded Charity Navigator's highest rating – four stars – for efficiency and sound fiscal management. For more information, visit www.accion.org.

About CREDO

CREDO Mobile, formerly Working Assets Wireless, is the nation's greenest phone company that lets its users voice their beliefs when using the phone. "Credo," which means belief, is an outward expression of the company's ideals. CREDO Mobile offers comparable service to the major mobile phone companies and more: nationwide digital coverage, helpful customer service and choice of phones, plans and eco-accessories. For more information, visit www.credomobile.com.

About Working Assets

Working Assets, was created in 1985 to help make the world a better place. Every time customers use its products (mobile, long distance and credit card), Working Assets generates donations to worthy causes like peace, human rights and the environment. To date, Working Assets has raised almost $56 million in donations. The company also serves as a strong political force, dedicated to giving its customers the opportunity to speak out on critical public issues through its Web site (credoaction.com), monthly phone bill and mobile text activism. Since 1991 the company has generated over 10 million calls and letters to corporate and political decision-makers. For more information, visit www.workingassets.com.

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