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


Microfinance Client in TanzaniaInvesting in mobile money and accessible health insurance

Venture Lab, Accion’s impact investing vehicle for seed-stage financial inclusion startups, just announced its two newest investee companies. The first, Kopo Kopo, is the world’s first mobile money merchant services platform, and works in Kenya, Tanzania and Rwanda to make it easier for small businesses to accept mobile money from customers. The second, MeraDoctor, works to provide affordable and accessible healthcare to low-income families in India through a unique “health-plus-finance” model, which combines 24-hour advice from top-quality doctors with health insurance and discounts on tests and medicines to prevent poverty-inducing health shocks right from the first symptom.

Click here to read the full press release »

FI2020 Attendees Moving ahead after a successful Global Forum

In October, the Center for Financial Inclusion at Accion convened a group of 350 key individuals representing NGOs, government officials, industry regulators and corporations from across the globe to chart a path towards full financial inclusion for all by the year 2020. This event, the Financial Inclusion 2020 Global Forum, forged connections and spurred dialogue between actors who, though they had previously never spoken, realized they shared a common vision of financial access. Now it is time to put our words into action and make full financial inclusion a global reality. Watch this space for events and activities in the FI2020 movement.

Watch sessions from the Global Forum on the CFI website »

AMC Staff in SongshanNew office puts AMC close to clients in Songshan

Accion Microcredit China is expanding! The need for inclusive financial services in China – a country where the informal lending market is estimated to be at least 20 percent of the current formal market, and banks are reluctant to lend to small businesses – is acute. Responding to this need, AMC opened a branch in Songshan, Inner Mongolia, in November. The new location will enable staff to more effectively serve small business owners and microfinance clients in China.

View photos of the branch opening on our
Facebook page »

Hear Accion Microcredit China client Zhaori Getu tell his story and share his music »

Educate Yourself

Ajay Banga Financial Inclusion 2020: Our generation’s equivalent of putting a man on the moon

What would it take for us to accomplish something that seems as unlikely as the moon landing once did? MasterCard President and CEO Ajay Banga recently posted his ideas for reaching full financial inclusion on LinkedIn, including reducing dependency on cash, leveraging public-private partnerships, making economic growth more inclusive, and building an economy that’s closer to being truly global.

Read his full post to learn more and add your voice to the conversation »

Microfinance Client in Colombia Five risky assumptions to avoid making about microfinance clients

Despite our best intentions, it can be easy to make assumptions about microfinance clients, like “people who can’t read and write can’t own a thriving business,” or “the poor don’t know what’s best for them.” In her recent post, Accion Ambassador Alexa Wilcox identifies some common misconceptions about microfinance borrowers – and why they just aren’t true.

Read more on the Accion Ambassadors blog »

Success Story

Accessing capital – and stability – in Nigeria

Twice a week for 20 years, Falodun Riskat has made a seven-hour round-trip journey to a farm in a neighboring state to buy live poultry, which she sells at a market in Lagos, Nigeria. When she received her first loan from Accion Microfinance Bank, she was able to put it to work by purchasing more poultry at once, saving herself valuable time and transportation costs. Her two children have been the grateful beneficiaries.

Read her full story on our website »

Support Us

#GivingTuesday is December 3!

#GivingTuesday, a national day of giving to kick off the giving season, is on
December 3 – don’t miss it! This holiday season, you can give thoughtful, virtual gifts to your loved ones through Accion’s MicroMarket. When you shop at MicroMarket, your gift goes further by helping Accion provide access to essential services to microentrepreneurs around the world.

Support us on #GivingTuesday by purchasing a virtual gift at MicroMarket »

Upcoming Events

ACCESS Microfinance India Summit

Delhi, India
December 9-10, 2013
ACCESS Microfinance India is a national platform that facilitates informed conversations among key stakeholders in the microfinance sector and works toward enabling policies for improving access to finance for poor households, as well as improving practices related to responsible finance. The Smart Campaign at the Center for Financial Inclusion at Accion will announce the newest Client Protection Certified MFIs at the summit. Accion is a sponsor of the conference.

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

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

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