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| ACCION "Micro" Loans & Impact on World PovertyACCION's goal is to bring the full range of financial services – including "micro" loans – to ever increasing numbers of people to have a significant impact on world poverty. ACCION's partners and affiliates operate in 24 countries in Latin America, the Caribbean, Asia and sub-Saharan Africa, and in the U.S. Since 1998, ACCION affiliated programs have made $17.4 billion in micro loans to more than 6.2 million people, with a historical repayment rate of over 97 percent. Cumulative Statistics from 1998–2007 for ACCION's Partners: Total Number of Clients Served: | 6.2 million | Total Amount Disbursed*: | $17.4 billion | Historical Repayment Rate: | 97 percent | Women Borrowers: | 65 percent |
2007 Statistics for ACCION's Partners* | Latin America & the Caribbean | Africa | Asia | Totals | Active Clients: | 3.03 million | 88,538 | 1,976 | 3.12 million | Total Amount Disbursed: | $5.01 billion | $123 million | $382,000 | $5.14 billion | Active Portfolio: | $2.89 billion | $81.6 million | $169,000 | $2.97 billion | Average Loan**: | $954 | $922 | $85 | |
*Does not include the U.S. ACCION Network **Calculated as "average loan balance," the total outstanding portfolio at year-end 2007, divided by the total number of active clients. This figure indicates the average amount yet unpaid by each client.
ACCION recognizes that financial transparency is critical for microfinance institutions, not only as a moral imperative, but also to ensure the long-term availability of financial services for the poor. As part of our commitment to rigorous reporting standards and strong financial performance, the following reports are now available as PDFs: Historical annual statistics of ACCION partners in Latin America & the Caribbean, Africa, Asia and the United States since inception: Quarterly statistics by partner program of the ACCION Network in Latin America & the Caribbean:
Glossary of Financial Terms / Glosario de Terminos Financieros
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