Accion: Investing in Individuals. Improving our world. May 2014
Accion clients in Latin America

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Client with ATM Card Two new investments by Venture Lab: StreetShares and RevolutionCredit

The Accion Venture Lab aims to invest in seed-stage companies that can help expand financial inclusion around the world – and they’ve added two new companies to their portfolio. StreetShares is an online peer-to-peer lending platform that specializes in funding veteran-owned small businesses in the United States. RevolutionCredit is a financial capability and behavioral-credit insight company that supplements traditional credit scores by allowing customers to participate in online tutorials to demonstrate positive behavior and creditworthiness outside the formal financial system.

Read the Streetshares press release »

Read the RevolutionCredit press release »

Ms. Sparky Electric What’s on the minds of America’s small business owners?

As economic drivers in their communities, small business owners have valuable perspectives on entrepreneurship and the economy. Accion’s new Orange Book is a compilation of quantitative and anecdotal data that has been sourced from these everyday entrepreneurs.

Read the inaugural Orange Book to learn more about Accion’s work in the United States »

Michael SchleinAccion CEO Michael Schlein discusses impact investing at the Milken Institute

As part of last month’s Milken Institute Global Conference, Accion CEO Michael Schlein participated in a panel titled, “Investing for Impact: What’s in Your Portfolio?” Schlein discussed how the unprecedented growth of mobile technology and availability of big data can enable financial inclusion to become a reality.

Click here to watch the video »

Educate Yourself

Image of Thread Over-indebtedness in the microfinance industry: Join the conversation

The Microfinance CEO Working Group is hosting an interactive online discussion forum following the release of two new publications addressing over-indebtedness in the microfinance industry. The papers are Over-Indebtedness: A Risk Management Approach and Over-Indebtedness in Mexico: Its Effect on Borrowers.

Join the discussion on the Microfinance CEO Working Group website through May 23, 2014 »

Read the papers at the Microfinance CEO Working Group website, here »

ATM Machine Can big data bring us closer to a financially inclusive world?

Two and a half billion people live in poverty and lack access to financial tools that can improve their lives. The convergence of technological innovation, big data, and effective microfinance services means that for the first time in history, financial inclusion for all is a real possibility. How can we leverage big data to expand financial services to those who have been previously excluded?

Read the full Accion op-ed, authored by MIchael Schlein and Diana Taylor, on Forbes.com »

Success Story

Determination in the Dominican Republic

Secundino Rincón, client of Accion partner Banco Ademi in the Dominican Republic, owns a mop-making business. He used his first loan to expand his workshop and convert the structure from wood to cinder block, and he has also invested in electrical machinery to make the entire manufacturing process faster.

Read his full story on our website »

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Make an impact by donating today

Your gift helps Accion to build effective microfinance institutions, provide financial literacy training, and support technological innovation – benefiting hardworking entrepreneurs around the world.

Make a secure donation on Accion's website »

Work With Us

Accion is hiring!

Associate, Recruiting and Staffing

Boston, MA

Director, Channels and Technology

Boston, MA

Principal Specialist, Client Education

Bangalore, India

View all open positions »

Upcoming Events

Microfinance Centre Annual Meeting

Istanbul, Turkey
May 27–28, 2014
Sergio Guzman,Lead Specialist at the Center for Financial Inclusion at Accion, will present the Smart Campaign Client Protection Principles training and certification.

Asia-Pacific Outreach Meeting on Sustainable Development Financing

Jakarta, Indonesia
June 10–11, 2014
Duncan Frayne,Vice President and China Program Manager at Accion, will speak at this event.

Making Finance Work for Africa (MFW4A) Partnership Forum

Dakar, Senegal
June 10–12, 2014
Brian Kuwik, Accion’s Senior Vice President and Regional Head for Africa, will speak at this event.

Africa CEO Roundtable & Conference on Corporate Sustainability & Responsibility (AR-CSRTM)

Calabar, Nigeria
June 19–20, 2014
Brian Kuwik, Accion’s Senior Vice President and Regional Head for Africa, will speak at this event.

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 www.accion.org.

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Tel: 617.625.7080 Fax: 617.625.7020

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