ACCION, Citi Foundation and EDA Rural Systems Host“Microfinance Cracking the Capital Markets – South Asia 2010” Conference & Investment Marketplace
Boston, Mass., April 2, 2010 – ACCION International, a pioneer and leader in microfinance, EDA Rural Systems, an Asian microfinance development and research organization, and Citi Foundation will jointly host a major conference and investment marketplace focused on microfinance investment in South Asia, June 23-24 at the Taj Mahal Hotel in Delhi, India.
Microfinance Cracking the Capital Markets South Asia 2010 will bring together a wide range of finance professionals to discuss new financing strategies, successes to date, challenges and trends of microfinance investment in South Asia, with particular focus on India. Attendees will meet the new players, explore recent deals and assess the marketplace in an engaging program with ample opportunities for networking. In addition to the conference, an Investment Marketplace is planned to facilitate introductions and deal-making between MFIs and debt and equity investors.
Additional conference information and the full program can be viewed at: http://southasia.crackingthecapitalmarkets.com About ACCIONACCION International is a private, nonprofit organization with the mission of giving people the financial tools they need – microenterprise loans, business training and other financial services – to work their way out of poverty. A world pioneer in microfinance, ACCION was founded in 1961 and issued its first microloan in 1973 in Brazil. ACCION International’s partner microfinance institutions today are providing loans as low as $100 to poor men and women entrepreneurs in 25 countries in Latin America, Asia, Africa and the United States. In the last decade alone, ACCION partners have disbursed more than 17.9 million loans totaling more than $12.3 billion; 97 percent of the loans have been repaid. Selected for the fifth consecutive year for its pioneering approaches to poverty alleviation, ACCION was among 45 organizations awarded the 2008 Social Capitalist Award by Fast Company Magazine/Monitor Group. ACCION has also been awarded Charity Navigator’s highest rating – four stars – for efficiency and sound fiscal management. For more information, visit www.accion.org.
About EDA Rural SystemsEDA Rural Systems is recognized as the leading development and research organization in microfinance performance assessments, capacity building and training for microfinance institutions (MFIs), and microenterprise promotion in India and Asia. EDA identifies the service delivery gaps in the microfinance and micro-enterprise sectors and offers practical solutions to support and develop these sectors. EDA's work and association with multi-lateral development organizations, global not-for-profit institutions, government institutions and over 200 microfinance institutions and enterprise promotion organizations spans across 15 countries in South Asia, South-East Asia and Central Asia.
About Citi FoundationThe Citi Foundation is committed to the economic empowerment of individuals and families, particularly those in need, in the communities where Citi Foundation works so that they can improve their standard of living. Citi fulfills this mission by providing grant support for programs that are aligned with its priority focus areas, promote collaboration and effective use of philanthropic resources, engage its employees, and demonstrate impact and positive outcomes. Citi supports program innovations in microfinance and microenterprise to help individuals and families improve their lives through economic self-sufficiency and reduce financial vulnerability.
ACCION® is a registered trademark of ACCION International.