Accion
Founded in 1961, Accion is a global nonprofit working to advance economic opportunity through microfinance and impact investing. Accion works with financial service providers across Latin America that are expanding the reach, quality, and affordability of financial services for low-income and underserved people. Over the next three years, Accion will provide advice, guidance, and consulting services to organizations that serve micro and small business owners in the Northern Triangle region, ultimately benefitting more than 400,000 people. Accion aims to connect small business owners to new markets and grow their businesses by improving their management, financial, and digital capabilities. Accion will help businesses shift from cash to digital, while expanding local access to finance through branchless banking. The effort aims to reduce barriers that have prevented women from accessing economic opportunities and boost the productivity of small-holder farmers. Accion will enable lenders that already serve the poor to make greater use of technology to reach more clients, supporting them more effectively and with greater security. Ultimately, Accion’s work will empower business owners and their families to recover from the COVID-19 pandemic, as well as build the financial health, resilience, and prosperity sorely needed to address the root causes of migration.