For two billion people around the world, every financial decision and transaction takes more time, costs more money, and requires more effort, planning, and patience than it should – and ultimately provides them with less benefit. These two billion people are cut off from the world’s formal financial markets, and their lives are so much harder because of it. What if we could change that?
Ritu Devi is constantly surrounded by customers and friends at her small shop in Patna, India. Her relentlessly cheerful spirit draws them, and helps her build her business in the face of many obstacles.
Accion partner Vindhya is a very different company – 80 percent of its staff are people with disabilities. Learn more about how this innovative Indian company brings together business and a social mission for the greater good.
When a natural disaster hit seamstress Elvia Maria Ixmatul’s home and place of business, her livelihood was in jeopardy. But, with a little help from Accion partner Génesis Empresarial, she was able to get back on her feet.
The Borja family is known in Luque, Paraguay, for their handmade instruments. Before coming to Fundación Paraguaya, guitar-maker Aníbal Borja had always worked for other people. Now, with the help of a loan, he's started his own shop, makes his own hours, and even opened an instrument-making school with his daughter.
Bolafade Primary School in Lagos, Nigeria, started out small, but thanks to founder Monsurat Thomas's hard work and support from Accion Microfinance Bank, today the school educates nearly 500 students between the ages of 1½ and 10.
Learn about Accion's work in India with Swadhaar, an MFI providing loans to local entrepreneurs.
Learn about Accion's work in China and meet a unique entrepreneur that is keeping musical traditions alive with the help of Accion Microcredit China.
This report comes from Kerala, India, where Accion is educating clients in basic business skills through its Dialogue on Business program.
Kurt Koenigsfest, General Manager of Accion partner BancoSol in Bolivia, on the importance of trust in microfinance.