Accion: Investing in Individuals. Improving our world. August 2013
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News from Around the World


Staff at Vindhya Sharing our passion for inclusive finance with the United Nations

Joshua Goldstein, program manager of financial inclusion for persons with disabilities at the Center for Financial Inclusion at Accion, had the honor of presenting his work at the United Nations last month. In his speech, he stressed the importance of sustainable economic empowerment for persons with disabilities. He noted that access to financial services is “nothing short of essential to the independent living, self-empowerment, and individual security that so many persons with disabilities fervently desire.”

Click here to read the full speech on our website »

Markets Accion and Citi: Working together toward full financial inclusion

Citi's commitment to the push for financial inclusion is the latest example of its work with key partners, including Accion. We have been working with Citi for nearly 50 years, starting in 1965 when Accion was a small nonprofit focused on community development in Latin America. Together, over the decades, we've helped build microfinance institutions around the world, created financial education programs, and fueled research and thought-leadership activities. Over time, our ambition and scale have grown, and our partnership endures.

Whether in the developed or developing world, Citi and Accion share the view that access to basic financial services can unlock enormous opportunity.

Read the post from Accion President and CEO Michael Schlein on the Citi blog »

Client in Africa Accion selected for US$25,000 grant by
McGraw Hill Financial

McGraw Hill Financial recently allowed its employees to select charities to receive grants of US$25,000, and we are excited to share that Accion was selected as a recipient of one of the donations. With this funding, we plan to help microentrepreneurs throughout Africa to expand their small businesses and improve their lives through access to financial tools such as credit and savings. Thank you to everyone who voted for us!

Visit our website to learn more about our work in Africa »

Educate Yourself

Smart Campaign Learn more about Smart Assessments from the Smart Campaign

How can we understand whether a microfinance institution is keeping the Client Protection Principles at the core of its work? Sergio Guzman, lead specialist for the Smart Campaign, explains that Smart Assessments are conducted in the field to help microfinance institutions understand where they are performing well, and where they may be able to make improvements to their operations and collections practices.

Watch the video on YouTube to learn more »

India Spreading the word about training opportunities in India

How do women in rural areas of India find out about Accion’s Dialogue on Business training? Accion volunteer Ambassador Rebekah Yore had the opportunity to travel to Surendranagar, India with trainer Meena to help spread the word about our business skills and financial literacy training. Meena introduced some examples of training materials to a group of entrepreneurial women, and explained the concepts that would be covered in the sessions.

Read the full post on the Accion Ambassadors blog »

Success Story

The joy of shared success in Ecuador

Marcia Taco, clothing factory owner and client of Accion partner Credife in Quito, Ecuador, planned to start a business with her sewing skills – but she was turned down for a loan from every bank she visited.

Credife trusted her with a small loan of just US$100 to purchase a used sewing machine. Over the next nine years, Marcia and her husband Galo continued to borrow from Credife for loans to provide working capital for their growing business. Today, the couple has built a four-story building that houses more than two dozen sewing machines and 20 employees. “This work has allowed me to support my family and give jobs to many people who need them, so that they can in turn provide for their own families,” Marcia explains.

Read her full story on our website »

Support Us

Provide Access to Financial Services

Your donation helps us provide access to financial services for people who need them.

For 2.5 billion people around the world, access to savings accounts, loans or financial literacy training is just a dream. Your donation helps support us as we expand access to these vital services. When people are connected to small loans, savings accounts or business skills training, they are empowered to improve the lives of family members, employees and neighbors.


Make a difference today by making a secure donation on our website »

Upcoming Events

Social Capital Markets

San Francisco, CA
September 3-6, 2013
SoCap is a world-renowned conference series dedicated to increasing the flow of capital towards social good. Monica Brand, principal director of Accion’s Frontier Investments Group, will be presenting.

XVI Inter-American Forum on Microenterprise (Foromic)

Guadalajara, Mexico
September 30-October 2, 2013
Accion and the Center for Financial Inclusion are proud to serve as a Silver Sponsor of this year’s Foromic in Guadalajara.

High Water Women: Investing for Impact Symposium 2013

New York, NY
October 3, 2013
Join current and prospective impact investors for a discussion on expanding the scope of impact investing.


Las Vegas, NV
October 6-10, 2013
Members of the Accion community are invited to register for Money2020 and receive 20 percent off the current registration fee with the code ACCION20. Accion and the Center for Financial Inclusion are proud to serve as an Association Partner at the event.

Financial Inclusion 2020: A Global Forum

London, England
October 28-30, 2013
Are you a financial inclusion innovator? Request an invitation to attend the Financial Inclusion 2020 Global Forum, hosted by the Center for Financial Inclusion at Accion. Visit the Global Forum website to find out more details.

About Us

Accion is a global nonprofit dedicated to building a financially inclusive world with access to economic opportunity for all, by giving people the financial tools they need to improve their lives. A world pioneer in microfinance, over the last 50 years we have helped build 63 microfinance institutions in 32 countries on four continents. Those institutions are currently reaching millions of clients. The Accion U.S. Network is the largest microfinance network in the United States and, since inception, has served hundreds of thousands of clients with loans and support. For further information, visit


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Accion Headquarters
56 Roland Street, Suite 300
Boston, MA 02129 USA
Tel: 617.625.7080 Fax: 617.625.7020

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