Posts Tagged ‘ACCION International’

Philanthropedia ranks ACCION as world’s most effective microfinance nonprofit

Microfinance Focus, Sept 30, 2010: ACCION International has been ranked as the world’s most effective microfinance nonprofit globally by Philanthropedia, an organization working for improving and measuring nonprofit effectiveness. Philanthropedia surveyed 131 international microfinance experts, including foundation executives, researchers, nonprofit senior staff and government officials.  These experts identified 12 top microfinance nonprofits and rated them on the basis of impact in the field.  Of the ... Full story

ACCION’s Frontier Investment Group & Elevar Equity Invest $2m in GloboKasNet

Microfinance Focus, Sep 7, 2010: ACCION International, through its Frontier Investment Group, and Elevar Equity, a global equity investor, have today announced an investment of $2 million in GloboKasNet (GKN), a cashless payment solution designed to expand financial inclusion for the poor in developing nations. GKN, headquartered in Chevy Chase, MD, recruits, trains and equips its KasNet Agents—a network of independent merchants that includes general stores, ... Full story

Isabelle Barres appointed as the new Director of Smart Campaign

Microfinance Focus, Aug 25, 2010: Smart Campaign, a global initiative housed at the Centre for Financial Inclusion at ACCION International  which is committed to embedding client protection practices into microfinance institutional culture has recently appointed Ms. Isabelle Barres as its new Campaign Director. The current Campaign Director, Ms. Robin Ratcliffe will be leaving the post on September 1, 2010 to lead the 50th Anniversary year of ACCION International ... Full story

Microfinance Focus, the Official Media Partner for ‘Microfinance Cracking the Capital Markets South Asia 2010’

For Immediate Release:- Microfinance Focus, the Official Media Partner for 'Microfinance Cracking the Capital Markets South Asia 2010’ Bangalore, June 01, 2010 - Microfinance Focus, leading niche media in the microfinance sector will serve as  an official media partner of "Microfinance Cracking the Capital Markets South Asia 2010" Conference to be held in New Delhi on June 23-24, 2010. Organized by ACCION International, Citi Foundation ... Full story

ACCION Gets Brazil’s President approval to Launch New Microfinance Institution in Amazonas

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

ACCIÓN international receives IDB development award

ACCIÓN international receives IDB development award
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

OPIC Board Approves $125 MN Microfinance Fund for Latin America

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

ACCION invests $500,000 for 49.5% stake in Saija microfinance

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

Citi Group’s Michael Schlein to head ACCION International

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
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