@accion.org
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Accion is a global nonprofit organization that is dedicated to creating a financially inclusive world. With a pioneering legacy in microfinance and fintech impact investing, Accion has been at the forefront of providing access to financial services for underserved communities. Founded in 1961 by a UC Berkeley law student, Accion initially focused on hands-on work in Latin America.
By the early 1970s, they began issuing small loans to address the lack of economic opportunity in Latin American cities. Over the next few decades, Accion expanded its reach, starting microfinance programs in 14 countries in Latin America with an impressive loan repayment rate of 97 percent. In the 2000s, Accion extended its operations to India, Sub-Saharan Africa, and established the Center for Financial Inclusion.
They also launched the Accion Venture Lab and participated in the launch of the Accion Frontier Inclusion Fund, demonstrating their commitment to fostering entrepreneurship and innovation. In the 2020s, Accion is actively involved in building an inclusive recovery from the COVID-19 crisis, which has disproportionately affected low-income families and small businesses globally. Through their comprehensive approach and financial expertise, Accion continues to make a significant impact on financial inclusion and empowerment worldwide
Company Type
Nonprofit
Company Size
201-500
Year Founded
1961
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