9/05/08: “I was surprised to read the recent Council on Hemispheric Affairs press release from Jenna Barzelay, BancoSol: Mission Drift in Microfinance Institutions – not least of all because many of the sources cited (including from my 2001 book) have not been updated in years…” writes Beth Rhyne, managing director of the Center for Financial Inclusion at ACCION.
Read more  8/29/08: At ACCION, we know that microfinance has the power to fight poverty on a truly global scale. We are proud to announce that ACCION partner Compartamos (Mexico) has reached 1 million clients with life-changing financial services—a testament to the claim that guides our work. Mr. Fernando Alvarez Toca, CFO of Compartamos, reminds us that “This figure is not just a number. Behind each one of these loans is a person.” One million people now have hope for their future, giving us one million reasons to stand up for microfinance. Click here to read the Compartamos press release and here for the ACCION Network press release 8/19/08: Citi and ACCION Texas: A major step for domestic microfinance: Citigroup and ACCION Texas have announced that Citi will purchase up to $30 million in new loans from ACCION Texas, heralding a watershed for domestic microlending. For the press release, please go here; for press coverage, please go here and here. The U.S. ACCION Network, comprised of ACCION USA and its five licensees – ACCION Chicago, ACCION New Mexico, ACCION New York, ACCION San Diego and ACCION Texas – is the largest microlending network in the United States. Since inception, it has disbursed over $214 million to low- and moderate-income clients.
 
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