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Accion is an international nonprofit. [1] Founded as a community development initiative serving the poor in Venezuela, it works with local partners in different countries to develop and scale digital financial solutions for underserved people globally. [2] To date, it has more than 235 financial service providers operating across 75 countries. [3]
The program is managed by the Accion Opportunity Fund, a nonprofit that offers a business loan and additional resources to support small business owners who belong to groups that have historically ...
Accion’s outcomes data from its 2013 microTracker survey, which was conducted in partnership with the Aspen Institute and California microlender Opportunity Fund, showed that: [8] 4.8 jobs were created or sustained on average by businesses with employees
In 1964, the U.S. poverty rate (income-based) included 19 percent of Americans. Rising political forces demanded change. Under a new White House Office of Economic Opportunity (OEO), the concept of the federally-funded, local Community Action Program (CAP)—delivered by a local Community Action Agency (CAA), in a nationwide Community Action Network—would become the primary vehicle for a new ...
Travelers, Accion and the Women's Business Development Center Launch Small Business Risk Education Program Chicago Women and Minority Entrepreneurs Who Receive Training May Qualify for Microloans ...
Accion Opportunity Fund SBA startup business loans The Small Business Administration (SBA) backs small business loans — known as SBA loans — to help companies cover large purchases and expand ...
About 90 percent of the Opportunity Fund's clients are racial and ethnic minorities, nearly 70 percent are low-income, and about a third are female. [2] The organization receives funding from big foundations, banks, donors and government grants, [1] including Bank of America; Goldman Sachs; JP Morgan Chase Foundation; [3] Knight Foundation; Calvert Foundation; [4] philanthropist Mark Leslie ...
Examples of microloans include Accion Opportunity Fund, which offers loans starting at $5,000, and Kiva, which offers loans from $1,000 to $15,000. Microloans are repaid within a few years and ...