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ACCION International

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 fourth consecutive year for its pioneering approaches to poverty alleviation, ACCION was among 43 organizations awarded the 2007 Social Capitalist Award by Fast Company magazine. 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.

    ACCION Ranked World's Most Effective Microfinance Nonprofit by Philanthropedia Image

    POSTED 

    09-27-10

    ACCION Ranked World's Most Effective Microfinance Nonprofit by Philanthropedia

    ACCION International, a pioneer and leader in microfinance, is pleased to announced that it has been ranked the No. 1 microfinance nonprofit globally by Philanthropedia, an organization devoted to improving and measuring nonprofit effectiveness.

    ACCION Launches Microfinance Operations in Inner Mongolia Image

    POSTED 

    03-04-10

    ACCION Launches Microfinance Operations in Inner Mongolia

    ACCION® International, a pioneer and leader in global microfinance, announced today that it has inaugurated ACCION Microcredit China (AMC) in Chifeng Prefecture, Inner Mongolia, to deliver financial services to the region's working poor. AMC officially opened its doors in ea...

    ACCION Gets Green Light from Brazil’s President to Launch New Microfinance Institution in Amazonas Image

    POSTED 

    01-25-10

    ACCION Gets Green Light from Brazil’s President to Launch New Microfinance Institution in Amazonas

    ACCION® International, a pioneer and leader in global microfinance, announced today that Brazilian President Luiz Inácio Lula da Silva has approved its application to establish ACCION Microfinanças, a new microfinance organization in the state of Amazonas in Brazil's remote ...

    ACCION Announces $5.8 Million Project to Develop Savings Account Products for the Poor in Bolivia, Colombia and Ecuador  Image

    POSTED 

    01-13-10

    ACCION Announces $5.8 Million Project to Develop Savings Account Products for the Poor in Bolivia, Colombia and Ecuador

    ACCION® International, a pioneer and leader in global microfinance, today announced that it has received a three-year grant of $5.8 million from the Bill & Melinda Gates Foundation to introduce savings account products to under-banked populations in Bolivia, Colombia and...

    ACCION Takes Equity Stake in Saija Finance, a Microfinance Institution Serving India’s Poorest Image

    POSTED 

    11-12-09

    ACCION Takes Equity Stake in Saija Finance, a Microfinance Institution Serving India’s Poorest

    ACCION International, a pioneer and leader in global microfinance, announced today that it has invested $500,000 for a 49.5 percent equity stake in Saija Finance Private Limited, a microfinance start-up that provides financial services to microentrepreneurs and low- and midd...

    María Otero Confirmed as Under Secretary of State for Democracy and Global Affairs Image

    POSTED 

    08-10-09

    María Otero Confirmed as Under Secretary of State for Democracy and Global Affairs

    BOSTON, August 10 /CSRwire/ - ACCION(R) International, a pioneer and leader in microfinance, announced today that former CEO María Otero has been confirmed by the Senate and sworn in as U.S. Under Secretary of State for Democracy and Global Affairs. With her confirmation, M...

    ACCION to Sponsor 'Microfinance for Institutional Investors' Image

    POSTED 

    07-28-09

    ACCION to Sponsor 'Microfinance for Institutional Investors'

    Washington, D.C., July 28, 2009 - ACCION(R) International, a pioneer and leader in microfinance, today announced that it will serve as the official sponsor of a new conference examining the latest microfinance investment strategies.

    'Microfina...

    ACCION Welcomes New Board Chair and Members Image

    POSTED 

    06-29-09

    ACCION Welcomes New Board Chair and Members

    Boston, Mass. - June 29, 2009 - ACCION(R) International, a pioneer and leader in microfinance, today announced that it has elected four new members to its board of directors and has appointed Ms. Diana Taylor as its new chair, effective June 19, 2009.

    LeapFrog Raises $44 Million for World’s First Microinsurance Fund Image

    POSTED 

    06-16-09

    LeapFrog Raises $44 Million for World’s First Microinsurance Fund

    Luxembourg - June 17, 2009 -- In a breakthrough for microfinance and alternative investment, the LeapFrog Financial Inclusion Fund announced today that it has raised US$44 million. It is the world's first investment fund focused on microinsurance. The fund aims to invest in ...

    Obama Administration Nominates Microfinance Leader as U.S. Under Secretary of Global Affairs, Department of State Image

    POSTED 

    05-13-09

    Obama Administration Nominates Microfinance Leader as U.S. Under Secretary of Global Affairs, Department of State

    BOSTON, Mass. - May 13, 2009 - ACCION(R) International, a pioneer and leader in microfinance, today announced that María Otero, president and CEO, has been nominated by the White House as Under Secretary of Global Affairs at the Department of State. Ms. Otero has ex...

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