Accion: Investing in Individuals. Improving our world. January 2014
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News from Around the World


AMfB Client and Loan Officer Accion Microfinance Bank disburses ₦22 billion in loans to Nigerian entrepreneurs

Accion Microfinance Bank was launched to serve the large number of Nigerian residents who, despite the country's many advances, continue to manage their financial lives without access to a safe and secure place to save or the capital to expand a business. Since the launch of the bank in 2007, 110,000 clients have received ₦22 billion, or U.S. $138 million, in small loans. “With 20 branches and counting, Accion Microfinance Bank is the safe and secure haven for microentrepreneurs and low-income earners who desire a brighter future,” said managing director and CEO Bunmi Lawson at the institution’s annual customer forum.

Read the full article from This Day Live »

Quippi Logo Accion’s Venture Lab invests in secure money transfers for Mexican families

Remittances – money sent by migrants to their home countries – are an important source of income for many people living in the developing world. Unfortunately, they are often expensive and risky transactions. Quippi, the newest investee of Accion’s Venture Lab, is changing that for Mexican immigrants living in the U.S. The company allows customers to support their families back home by putting money on safe, secure and rechargeable gift cards that can be used at leading retailers throughout Mexico. And there are no fees charged to either the sender or the recipient!

Read more at Quippi's website »

Family in Colombia"Microfinance’s Macro Potential"

Don’t miss the article, “Microfinance’s Macro Potential,” from Prashant Thakker, global business head of microfinance at Standard Chartered. While microfinance has tremendous potential to improve the lives of the poor, he argues that “The question now is how to ensure that microfinance becomes the industry that the world needs.” According to Prashant this involves three important steps: better regulation, more impact assessments and better use of technology.

Read the full article at Project Syndicate »

Educate Yourself

TedX Wall Street "There’s Nothing Micro About 1 Billion Women"

“When we provide the right tools for the poor to manage their money, we are providing so much more than financial security. We are freeing them to dream, and plan, and hope for a better future for themselves, their families, and their communities,” said Women’s World Banking president and CEO Mary Ellen Iskenderian at her recent TEDx Wall Street talk, “There’s Nothing Micro About 1 Billion Women.” But she points out that, even with access to loans and a good business plan, microentrepreneurs are often still just one unplanned expense or emergency away from falling even deeper into poverty.

Watch the video on the Microfinance CEO Working Group website to find out what she thinks it takes to help equip these individuals to survive a calamity »

FI2020 Financial Inclusion 2020 e-zine now available

The Financial Inclusion 2020 Global Forum, held in London in October, served to further deepen a collective commitment of diverse and powerful actors to the work of building a financially inclusive world. It also yielded concrete ideas for making meaningful progress toward this imperative. The energy of the Global Forum lives on in the newly released, interactive e-zine published by the Center for Financial Inclusion at Accion, which details the sessions and suggests resources for building on the momentum of the London event.

Click here to explore the FI2020 e-zine »

Success Story

Working together to build businesses in Tanzania

Selemani Mohamed, aged 75 and father of 18, is a producer of snack foods in Majengo, Tanzania. He approached Accion partner Akiba Commercial Bank with three other entrepreneurs as a ‘solidarity group’ to borrow collectively for their individual businesses. Selemani uses his loan to buy ingredients in bulk so he can make and sell more snack foods. Today, his five employees keep the business moving and can sometimes sell as much as U.S. $125 worth of snacks to area supermarkets each day.

Read his full story on our website »

Support Us

Donate today – your support helps across the globe

Your contribution makes a big difference to millions of people around the world. When you support Accion, you help ensure our organization’s sustainability as we take on new projects to expand financial access to those who need it – from India to the Philippines, and beyond!

Support Accion’s work today by making a secure donation on our website »

Upcoming Events

16th Annual African Business Conference

Cambridge, Massachusetts
February 28-March 1, 2014
Accion’s risk management specialist, Andres Calderon, will be a panelist at this university-produced event about business conditions in Africa.

Harvard Business School–Accion Program on Strategic Leadership in Inclusive Finance

Boston, Massachusetts
April 21-26, 2014
The six-day Harvard Business School–Accion Program on Strategic Leadership in Inclusive Finance offers leaders from around the world an exceptional opportunity to connect with peers while engaging with some of the HBS faculty's foremost thinkers in business strategy and management. The HBS Executive Education learning model immerses the world’s most promising managers in a transformational experience that combines the acquisition of knowledge, skills and tools with professional, intellectual and personal development. Apply today at

About Us

Accion is a global nonprofit dedicated to creating a financially inclusive world where people have the financial tools they need to improve their lives. We are building the next generation of top-tier microfinance institutions, investing in and accelerating start-up companies that serve the poor through our impact-investing initiatives, and helping to create a strong industry with high standards. Over more than 50 years, Accion has helped create 63 microfinance institutions in 32 countries on four continents that today reach millions of clients. The Accion U.S. Network is the largest microfinance network in the United States and has served hundreds of thousands of clients with loans and support. For further information, visit


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