Accion is a global nonprofit dedicated to building a financially inclusive world with economic opportunity for all, by giving people the financial tools they need to improve their lives. The company is building the next generation of top-tier microfinance institutions, and over the last 50 years, has helped create 64 such institutions in 32 countries on four continents that today reach millions of clients. The company's impact in investing initiatives are pushing beyond microfinance to catalyze more than 20 innovative startups dedicated to improving the efficiency, reach and scope of financial services for the poor. And its Center for Financial Inclusion is helping to build a stronger industry with high standards. Currently, Accion's work spans nearly two dozen countries, including the US, where it is the nation's largest nonprofit microfinance network.
What Are We Seeing in the SME Financing/Loans Opportunity?Post the financial crisis in 2008, SMEs’ credit conditions had worsened, and credit has remained tight for the past several years. We saw a reduced number of banks focused on the small-business segment, increased regulatory scrutiny that caused ba...