ACCION International Company Description
This group helps people take action to help themselves. ACCION International, Spanish for "action," gives the poor the means to achieve economic independence by providing micro loans for starting small businesses. Enterprises are typically making and selling tortillas or clothes or growing and selling produce. The organization supports programs with more than 25 lenders in Africa, the Caribbean, Latin America, and the US. It loans about $5 billion each year to nearly three million people. First time loans average about $600 each. The program's repayment rate is more than 97%. ACCION was formed in 1961 to fight poverty in Latin American cities.
View the Comprehensive Company Description for ACCION International
The Company Description provides a historical perspective of ACCION International's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of ACCION International's evolution in the marketplace.
