Accion: Investing in Individuals. Improving our world. July 2013
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Accion's Dialogue on Business training program scales up in India
Dialogue on Business
We are excited to share that Accion's Dialogue on Business training program has been awarded consulting services to scale up its operations in India. Dialogue on Business was selected to participate in the Social Innovation Acceleration Program by the Marico Innovation Foundation. The program recognizes innovative social enterprise models that are seeking to expand their impact in India. Since launching Dialogue on Business in India in 2008, our financial management and business skill trainings have benefited more than 40,000 people. With this new partnership, we will be able to provide even more people in India with financial and business skills training.
Click here to learn more about Accion's Dialogue on Business training on our website »
How can financial inclusion support poverty alleviation?
Bunmi Lawson
Bunmi Lawson, Managing Director and CEO of Accion Microfinance Bank in Nigeria, says it best: "Although a lot of people work really hard to move out of the cycle of poverty, they need financial services to be able to achieve that." Increasing access to financial services – such as savings accounts, insurance and small loans – can provide people with the opportunities to increase their incomes and better prepare themselves for unplanned expenses. Even though Accion Microfinance Bank reaches 120,000 clients, there is still a large segment of the population that could benefit from financial services in Nigeria – a gap that Accion aims to bridge.
Read Bunmi's interview with This Day Live »
Money2020: Special offer for members of the Accion community
Money2020
Accion and the Center for Financial Inclusion are proud to serve as an Association Partner for the Money2020 conference taking place in Las Vegas, NV on 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. Money2020 explores the trends in payments and financial services innovation – such as the mobile Internet, open platforms and consumer empowerment – while also bringing together the broader worldwide community of innovators that are profoundly changing how consumers and businesses manage, spend and borrow money.
Register on the Money2020 website »
Educate Yourself
Experience microfinance in the field through the Accion Ambassadors blog
Loan officer and clients
Interested in microfinance? It can be exciting to dream about a life working directly with microfinance clients, creating and implementing programs to further financial inclusion around the world. Read up on what the work is really like – our current class of Accion Ambassadors is reporting on their experiences with our partner institutions in India, Mexico and more.
Get inspired! Read the posts on the Accion Ambassadors blog »
How does government corruption impact financial access?
Map
The Global Corruption Barometer 2013 found that roughly 1 in 4 people paid a bribe to a government employee or institution in the last year. For many, especially those living on less than two dollars a day, a bribe added to the cost of a service can determine whether a service is a possibility – this includes basic financial services. The Smart Campaign's Client Protection Principles promote fair and respectful treatment of clients, specifically stating: "Providers will ensure adequate safeguards to detect and correct corruption, as well as aggressive or abusive treatment by their staff and agents, particularly during the loan sales and debt collection processes."
Learn more and join the discussion on the Center for Financial Inclusion blog »
Success Story Support Us
Microloans increase production – and profits – in Tanzania
Grace Galus Ulaya, client of Accion partner Akiba Commercial Bank in Dar es Salaam, Tanzania, operates three microbusinesses to make ends meet. Her main endeavor is making chicken feed by boiling down goat, cattle and sheep's blood, but it can be a challenge to find buyers for her product because she is a woman. To supplement her income, Grace also makes batik handicrafts and engine lubricant. Access to a small loan has helped Grace expand her microbusinesses and increase her profits. Read her full story on our website »
Help microfinance clients sow the seeds of success! Access to small loans helps more than 150 million people around the world. But more than 2.5 billion people still lack access to these life-changing opportunities. Your small change – as little as 50 cents a day – can make a big change in the lives of millions of hardworking people, and empower them with the tools they need to build better lives. Make a secure, recurring donation on our website »
Upcoming Events
Webcast: Market Based Solutions for Impact Investing
July 30, 2013, at 9:00 a.m. EDT
This webcast, hosted by EMPEA, explores the financial side of impact investing, from how to quantify returns and measure impact to what innovative business models and proven best practices are generating success. Monica Brand, principal director of Accion's Frontier Investments Group, will be a presenter. Use code Impact2013 for a discount at registration.
6th Annual African Microfinance Conference
Durban, South Africa
August 12–15, 2013
The theme of the African Microfinance Conference focuses on “Financial Inclusion: From Policy to Practice” and asks: “What practical steps need to be taken to expand financial inclusion?” Accion is a sponsor of this year’s conference. Elisabeth Rhyne, managing director at the Center for Financial Inclusion at Accion, will present a keynote address. John Lwande, managing director at Accion partner Akiba Commercial Bank in Tanzania, will also be speaking at this event.

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 www.accion.org.
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