Microfinance Focus, October 4, 2011: EB-ACCION Savings and Loans, a microfinance partnership between ACCION International and West Africa’s regional bank, Ecobank, has been awarded as the Microfinance Institution of the Year at this year’s African Banker Awards.

EB-ACCION currently operates in Accra, Ghana. The bank offers microfinance services – including microloans, savings and remittances products – to merchants, manufacturers and other microentrepreneurs to help them develop their businesses and lift themselves out poverty.

The African Banker Awards is an annual event occurring in the midst of the IMF/World Bank Annual Meetings, and brings together key industry players and top government officials from Africa and around the world to celebrate excellence and best practices in African banking and finance.

EB-ACCION has over 7,000 active borrowers and has loaned a total amount of $8 million in 2011.