Accion and B2B marketplace Frubana have developed an embedded credit offering that will provide access to working capital and inventory finance for 200,000 businesses in Brazil that otherwise struggle to access affordable financing, as part of Accion’s partnership with the Mastercard Center for Inclusive Growth. “For micro-enterprises to take full advantage of digital procurement, they need to be able to access financial services,” Accion’s Iain Brougham told ImpactAlpha. “They can’t order goods and inventory consistently if they are not able to access working capital.”
Read more in ImpactAlpha.