Accion Microfinance Bank (AMB) launched operations in May 2007. Three months later, AMB had approved 286 loans with demand outstripping capacity. The bank continued expanding its outreach and attained a total of 812 active loans and 387 savings accounts in just five months. Within that same timeframe, AMB opened five new branches and increased the average number of clients per loan officer to 81.
Accion partnered with AMB to provide technical assistance in the areas of credit methodology design and implementation, information technology and staff training. Accion has also made capital investments in the institution. Today, Accion continues to work with AMB, providing them with management services, technical assistance, governance and investment to help them fulfill their mission and vision.