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Accion's Early Days
Accion was founded in 1961 by a UC Berkeley law student. We began with hands-on work in Latin America; the first group of 30 Americans worked in urban centers around Venezuela.
By the early 1970s, Accion’s leaders were beginning to focus on the lack of economic opportunity in Latin American cities and began issuing small loans.
Over the next decade, Accion helped start microfinance programs in 14 countries in Latin America with a loan repayment rate of 97 percent.
Throughout the 2000s, Accion extended operations into India, Sub-Saharan Africa, and established the Center for Financial Inclusion (CFI) — an action-oriented think tank.
New Initiatives & Programs
Accion launched its seed-stage investment initiative Accion Venture Lab and participated in the launch of the Accion Frontier Inclusion Fund.
Organized by SME Finance Forum
Globally, some of the largest and fastest growing SME financiers may not have started as banks. From tech companies, logistics firms, commodities traders, and Fast-Moving Consumer Goods distributors, financial institutions are facing increasing competition from the real sector in financing small businesses. The real sector firms enjoy a competitive advantage in the form of large amounts of data and analytical skills, which give them insights into the behaviors of SME borrowers.
Organized by Web Summit
Web Summit brings together the people and companies redefining the global tech industry.