Microfinance

What is Micro Credit? microcredit, also called microbanking or microfinance, a means of extending credit, usually in the form of small loans with no collateral, to nontraditional borrowers such as the poor in rural or undeveloped areas. Using microloans, borrowers are able to purchase livestock or start their own businesses. Read more on www.britannica.com For … Read more

Who started microfinance? The modern use of the expression “”microfinancing”” has roots in the 1970s when Grameen Bank of Bangladesh, founded by microfinance pioneer Muhammad Yunus, was starting and shaping the modern industry of microfinancing. Read more on en.wikipedia.org The use of microfinance loans has grown in popularity as a means of assisting people in … Read more

How long has Accion been around? 1961 Accion was founded in 1961 by a UC Berkeley law student named Joseph Blatchford. A bold and charismatic young man, he was fresh off a goodwill tennis and jazz tour of 30 cities in Latin America when he began to wonder how young Americans might better serve the … Read more

What does Accion International do? Accion works to empower families, small businesses, and communities overlooked by the global financial system. We expand access to critical financial tools and open opportunities to build resilience, grow, and succeed. We find, fund, and grow companies creating new ways to meet the financial needs of the underserved. Read more … Read more