Microfinance in focus: IDB to donate $4.3 billion to ACCION over the next 5 years -- ACCION's website now in Spanish

ACCION International Newsletter - July 17, 2008

The Inter-American Development Bank (IDB) has committed $4.3 million to ACCION over the next five years to extend microfinance into rural Latin America. Around the world, the rural poor – often among the most impoverished – are under-served by microfinance.

ACCION will work with five of its long-term partners in Latin America – Banco Ademi in the Dominican Republic, CREDIFE in Ecuador, Financiera FAMA in Nicaragua, FINAMERICA in Colombia and Mibanco in Peru – to overcome barriers and explore new technological and methodological solutions. The project will provide financial services and training to the rural poor that are less expensive, better tailored to the client and easy to replicate.


ACCION website now in Spanish! / ¡La página web de ACCION ahora en Español!
The ACCION International website is now available in Spanish, providing information to Spanish-speaking microfinance enthusiasts about our mission and clients served, as well as our partners, products and services. Visit www.accion.org/espanol to see the new site.



About ACCION

The mission of ACCION International is to give people the tools they need to work their way out of poverty. By providing microloans, business training and other financial services to poor men and women who start their own businesses, ACCION's partner lending organizations help people work their own way up the economic ladder, with dignity and pride. With just a little capital, people can grow their own businesses. They can earn enough to afford basics like running water, better food and schooling for their children.

In a world where three billion people live on less than $2 a day, it is not enough to help 1,000 or even 100,000 individuals. ACCION’s goal is to bring microfinance to tens of millions of people – enough to truly change the world. We know that there will never be enough donations to do this. That's why ACCION has created an anti-poverty strategy that is permanent and self-sustaining.

To read more about ACCION International visit there website - http://www.accion.org