Accion Microfinanças was officially established in December of 2010 and disbursed its first loan in February of 2011. Accion is a majority owner of Accion Microfinanças. It is the second microfinance institution for which Accion is the owner-operator. In this role, Accion can leverage philanthropic support to pilot new methods and technologies designed to ultimately drive down cost and increase efficiency and share findings with the microfinance industry.
In addition to its capital investment, Accion is providing technical assistance in several areas, such as organizational development, management information systems, credit methodology, risk management systems and tools, development and use of alternative delivery channels for loan disbursement and repayment, etc.
Accion Microfinanças serves microentrepreneurs in the commerce, service and production sectors. Clients range from small street vendors to small business owners.