In 2006, Accion entered into an agreement with Ecobank to create microfinance institutions through which to offer financial services to low-income entrepreneurs in West and Central Africa. As part of the agreement, Accion brings its technical expertise and leadership in the microfinance sector, while Ecobank offers the opportunity to leverage its infrastructure and extensive network of banks to deliver high-quality financial services.
In April 2010, EB-Accion Microfinance Cameroon, a microfinance institution formed through this partnership opened the doors of its first two branches in Douala, at the Mboppi and Congo markets.
EB-Accion Microfinance Cameroon pursues innovative and efficient ways of distributing these tailored financial services to its clients. EB-Accion Microfinance leverages Ecobank's existing branch infrastructure, payment service and distribution networks to maximize operational efficiency and control costs. A personnel of approximately 176 Cameroonians work alongside a team of Accion staff members.
Both EB-Accion companies in Ghana and Cameroon are also supported by the IFC, a member of the World Bank Group.