Molding clay under the blazing sun in Alejandra Alvarez’s open-air workshop was hard work. But facing the frequent rainstorms in this part of central Mexico was even worse. The downpours brought more than inches of water; they meant lost productivity, damaged materials, and no income.
Alejandra needed a roof. But bank after bank denied her credit – until Accion partner CrediConfía trusted her with a small loan.
In her newly built workshop, Alejandra found the space she needed to work without interruption, store raw materials and finished products, and remain protected from both rain and blistering heat.
When Accion first began lending to poor entrepreneurs in Latin America in 1973, the concept of microloans was truly revolutionary. Back then, it was considered too risky to lend money to the poor. But we took the chance because we believed that people living in poverty would not let us – or themselves – down.
The results were astonishing. The repayment rate on those first loans – and on those ever since – silenced our critics and proved that even small loans can make a huge impact. And with your support, we’ve accomplished more than we ever thought possible. Some 40 years later, we help provide economic opportunity to millions of people in two dozen countries.
We are not your typical development organization. We don’t promise we’ll end poverty if you send us money. We do promise that your donation will give a struggling family – or an individual such as Alejandra – the opportunity they need to improve their lives. Sometimes that opportunity is as simple as a loan, or a savings account, or insurance.
For years, Alejandra toiled in precarious conditions, her income at the mercy of Mother Nature. Now on her third loan, and with a safe and secure place for her business, Alejandra is able to dream of the many possibilities the future holds.
“When the work is dignified,” she says with a smile, “it doesn’t matter if it’s dirty.”