Posts Tagged ‘ACCION International’

Microfinance Focus, Jan 26, 2010: ACCION International, global microfinance company, announced yesterday that Brazilian President Luiz Inacio Lula da Silva has approved its application to establish ACCION Microfinancas, a new microfinance organization in the state of Amazonas in Brazil's remote northern region, according to a press release.  It was in Recife, Brazil that ACCION first initiated the concept of microlending, in 1973. Joining ACCION as an ... Full story

Microfinance Focus, Dec. 06, 2009: ACCIÓN International, which specializes in microfinance, received the Inter-American Development Bank’s first Juscelino Kubitschek Award for its contribution in the field of economics and finance, said a press release. Two more organisations, Federación Internacional Fe y Alegría and Associação Vaga Lume (Brazil) also won the award for their contribution ... Full story

Microfinance Focus, November 22, 2009: The Board of Directors of the Overseas Private Investment Corporation (OPIC) approved $125 million for a microfinance growth fund that will provide much-need capital to microfinance institutions (MFIs) in Latin America and the Caribbean, said a statement. President Obama announced establishment of the fund at the Summit of the Americas in April, as a response to the impact of the ... Full story

Microfinance Focus, Nov. 13, 2009: ACCION International, a pioneer in global microfinance, has announced that it had invested $500,000 for a 49.5 percent equity stake in Saija Finance Private Limited, a microfinance start-up that provides financial services to micro entrepreneurs and low- and middle-income families in Bihar, one of India's most underserved regions. The investment was made through ACCION's equity investment arm, the ACCION Gateway Fund, ... Full story

Microfinance Focus, Sept. 11, 2009: ACCION International, a global leader in microfinance, has named Michael Schlein as its new President and CEO. Schlein, President of International Franchise Management at Citigroup, will succeed María Otero, who was recently appointed U.S. Under Secretary of State for Democracy and Global Affairs, said a statement. Full story