Welcome ACCIONISTA Summer Interns!
CEO Paul Quintero inspiring us to think beyond any limits we have set for ourselves
On Wednesday we had a orientation at ACCION USA for our summer interns- 14 interns joined from New York and remotely from Atlanta and Boston through our gotomeeting platform and via Skype.
A few of the most memorable moments were when our “historian” Carmen told stories about our first clients, seeing the interns in Boston live through Skype video and of course, our CEO Paul Quintero uplifting everyone’s spirits and dreams about the limitless possibilities at ACCION USA.
A warm welcome to our entire Summer ACCION USA intern brigade!
In Atlanta:
- David McNeill is a Lending and Outreach Intern who recently returned from his Kiva Fellowship in Sierra Leon- he is very excited about combining his international microfinance experience with work in Atlanta at ACCION USA.
In New York:
- Airi Kobayashi is a Communications Intern studying IT Business at Notre Dame University. Airi speaks Japanese and Mandarin and has worked in marketing, technology, and design.
- Alvaro Gutierrez is a Lending Intern. Alvaro studied Business Administration and has experience teaching and working with entrepreneurs in his home country of Chile. Alvaro also worked as an Business Executive in The Nielsen Company.
- Kimberly Edwards is a Lending and Financial Education Intern from Columbia University doing her year-long field placement at ACCION USA. Kimberly has previous microfinance experience working at Self Help in North Carolina.
- Alicia Quinn is a Volunteer Partnerships and Business Development Intern. Alicia is graduate intern from Columbia University doing her year-long field placement at ACCION USA. Alicia worked in health care administration for 7 years in Vail, Colorado.
- Etel Echevarria is a Lending Intern. A native to Argentina, Etel is completing her MPA at City University of New York. Etel previously interned at Make The Road New York.
- Matt Roth is a Lending In tern. Matt recently returned from the Peace Corps in El Salvador and is also working part-time in homeless outreach in New York City.
- Lauren Yothers is a Communications Intern who studied at the University of Miami. Lauren speaks Spanish and Portuguese and also worked in community development with a renowned activist and anthropologist in Haiti.
- Mauricio Delgado is a Lending Intern. A native to Ecuador, Mauricio completed his Business Administration degree from Queens college. Mauricio has many experiences working with small business in his home country and in the U.S.
- John Remson is a Resource De velopment Intern. John recently graduated from the University of Maryland with a degree in Government and Politics. John previously worked as an enumerator for the United States Census Bureau.
- Marisa Casellas is the Kiva Intern and a graduate student at NYU Wagner. Marisa worked for three years at the Hispanic Federation of New York and is fluent in Spanish and Italian.
In Boston:
- Hajar Elaalej is a lending summer interns. Hajar recently graduated from Boston University with a double major in Economics and International Relations. She is from Morocco however, moved to Boston to finish her studies in 2008. She served at BU as the President of the Arab-Israeli Peace Alliance.
- Brinya Bjork is a Microtest Inte rn studying Business Administration from Notre Dame University. She has many experienences working as an advocate for the disabled, immigrant, women, homesless, and victims of natural disaster.
- Ryan Quillard is a Microtest Intern hailing from the University of Notre Dame where he studies Business Adminisatration. He has interned and/or worked at the Center For Homesless, Big Brothers and Big Sisters and as a swimming instructor in New Orleans.
- Carolyn McMahon is Managing Intern for Microtest. She is completing her Masters degree from the Fletcher School at Tufts University. She has vast experience in Justice working at a microcredit bank in Senegal, with a peace and justice organizations in San Fransc iso and San Deigo. She is driven to combine her experience and knowledge of microfinance with peace building initiatives.
Welcome to our newest Accionistas-Much of the success of ACCION USA is owed to the extraordinary talent and efforts of interns and volunteers.
- New York Interns returning from lunch at client restaurant, Dardanel
Tags: accion, accion usa, Aspen Institute, kiva, kiva fellows, microfinance, microtest
Attention Microfinance Students! 2 Days in New York, 40 breakout sessions and 800 attendees…for only $75!
ACCION USA, Opportunity Fund, and Kiva bring you the Microfinance USA 2011 Conference this May 23-24 in New York City!
Are you a student interested in local economic development? Are you passionate about being part of the growing microfinance movement in the U.S. – and interested in learning from industry experts about the impact you can make? If so, this conference is not to be missed. Microfinance USA provides a unique setting for networking and learning from the industry’s top practitioners, funders, and researchers.
Topics that will be discussed at this year’s conference include:
- What does “Microfinance” mean? – debating and defining our terminology
- Impact of microlending in the U.S.
- Social Entrepreneurship and Microfinance
- Promise and Peral of Microfinance Impact Evaluations
Over two days, you can:
- Network with leading practitioners and researchers in the U.S. microfinance field
- Attend plenary sessions and panels led by the nation’s leading microfinance voices.
- Deepen your understanding of the challenges facing Microfinance Institutions through case-study analysis.
- Experience microfinance first-hand by touring local microenterprises in New York.
- Debate current microfinance topics during small group sessions and networking dinners.
- Discover how students LIKE YOU are impacting the domestic microenterprise industry in remarkable ways
- Collaborate with student microfinance clubs and young professionals across the country
For More Information please visit the website:
http://www.microfinanceusaconference.org/home/
Student Price: $75
Tags: accion usa, Economic, Financial services, kiva, microfinance, microfinance USA conference, new york city, Opportunity Fund, United States
Want To See The Way Microfinance Works From The Inside?
Join us, December 1st at 5:00PM EST for “Underwriting: Microfinance Behind the Scenes,” an exciting webinar about how to underwrite a microloan presented by the Microfinance USA 2011 Conference. We’ll be hosting two of the industry’s leading loan underwriters: Neil Boss, Senior Underwriter at ACCION USA and William Cardenas, Senior Loan Consultant at Opportunity Fund.
Their online presentation will include:
- Case studies of recent loan approvals
- Common microloan application strengths and weaknesses
- Internal processes (and the evolution of processes) that have lead to improved and quicker loan decisions
- Plenty of time for virtual Q&A with webinar participants
The webinar will give a sneak peek into the types of topics and sessions that the Microfinance USA 2011 Conference will explore. We’re excited to co-present the conference in New York City on May 23-24, 2011, in partnership with Opportunity Fund and Kiva. We’ll make sure you’re the first to know when registration opens later this year. In the meantime, this webinar is not to be missed! Register now and mark your calendars for this exciting event.
Tags: accion usa, kiva, loan, microcredit, microfinance, new york city, Opportunity Fund, United States
Green Cash for Green Business: FREE Webinar November 15th!
“Green businesses operate in ways that solve, rather than cause, both environmental and social problems,” says Green America, a national leader in promoting green business practices. And while “being green” helps the environment, many people tout that “green” is also a strong revenue driver for small businesses that tap into environmentally conscious consumers.
However, Denise Hamler, director of Green America’s Green Business Network, says that “financing is the number one challenge facing green businesses today. Many of the small businesses we work with have strong market opportunities, but are not capitalized enough to really reach their potential.”
ACCION USA hears this story every day – from our own small business clients, as well as our focus groups. The verdict is unanimous: small business owners “strongly believe in green,” but at the same time, think that “going green” is not economically viable.
We can’t ignore the data. “Going green” can bring green ($)…but only if you have green ($).
Fortunately, microfinance organizations are perfectly poised to pull small businesses out of the same old “I can’t, it’s too expensive” mentality. With the right loan product and support services, small business will see a return on their investment and, at the same time, make the planet a more hospitable place to live.
For this reason, ACCION USA launched a Green Small Business Loan program that provides financing and consulting to green enterprises. Want to learn more? On November 15th at 2 PM EST you can speak directly with Renzo Mendoza, an ACCION USA Loan Consultant, about how to apply for a Green Loan. The “Green Cash for Green Business” webinar is free and will cover all you want to know about ACCION USA’s green loan program.
And ACCION USA will waive the $30 loan application fee for all “Green Cash for Green Business” webinar participants!*
So, if you are a small business with green principles and need working capital or want to invest in energy efficient equipment or upgrades, look no further. ACCION USA and Green America are bringing you an exclusive look into ACCION USA’s lending process.
Don’t miss this free opportunity – space is limited so REGISTER TODAY!
What will you take away from the webinar?
- A waived loan application fee* (a $30 value)
- The definition and benefit of an ACCION USA Green loan
- Information about credit, financial, and collateral requirements for loans up to $50,000
- An understanding of loan rates, fees, and terms
- Training and educational benefits
- Direct connection with an ACCION USA loan consultant
Not able to make the webinar, but have green loan questions? Search #GreenMyBusiness on www.Twitter.com at 3 PM EST on November 11th to join the twitter party and engage in good green conver sation.
We look forward to seeing you on Monday!
* Must apply within one week of “Green Cash for Green Business” webinar
Tags: accion usa, Financial Education, financing, green, green america, Green Business, loan consultant, small business
A Pilot Seminar Initiative
It’s a rainy Tuesday night in East Boston; a nice night to stay at home or in the shop. Yet at 143 Border Street in East Boston, dozens of entrepreneurs trickle in to grab a seat for the second night of a seminar series on Business Financial Management. The energy and excitement grows, as business owners from around East Boston and the greater Boston community, fill up a conference room at the Neighborhood of Affordable Housing (NOAH), and East-Boston based community development corporation, to participate in a class on ‘Understanding Financial Statements’.
Seminar participants
This is the second class of a six-part seminar series for Latino business owners on Business Financial Management. The series was designed by a collaborative group of business assistance providers and community organizations including ACCION USA, the Hispanic American Chamber of Commerce, East Boston Savings Bank and NOAH. These organizations came together with a common goal of facilitating a comprehensive series on managing business finances, led entirely in Spanish, while providing a space for business owners to make connections with one another.
Seminars take place every Tuesday night for six weeks and are led by professionals in financial planning, accounting, and ACCION USA. The continuous flow of questions, answers and comments last week indicated that many entrepreneurs have real questions around how to organize and reconcile their expenses, while others have examples and ideas that they are willing to share.
Small businesses are essential to building strong communities and a healthy economy.
Tags: accion usa, Boston, business, East Boston, massachusetts, microfinance, small business, United States
Beauty Salons Go Green
Entering your favorite beauty salon, the thought has probably crossed your mind: this chemical smell invading my nostrils cannot be healthy. Can products that stain, strip, and straighten hair take a toll on your body? On the other hand, can a “green” salon forgo the formaldehyde (yup, formaldehyde exists in your favorite hair straightening products) without sacrificing the quality?
By "going green," beauty salon owners are making their shops and customers healthier and standing out among competitors.
Some sure think so. On October 1st, greenSpaces announced that Fringe Hair Art of Kennebunkport Maine has completed its Green Business League Green Business Certification, making it the first Certified Green Hair Salon in the State of Maine.
What did the salon owners do to become green? They first directed attention to their space, using recycled glass and low-VOC paint to set the mood. Next, operations. The salon turned virtually paperless, and they ditched plastic cups for glass to serve water, tea, and coffee (how nice!). And then most importantly, addressing those pesky chemicals that give you a headache while you wait for your stylish highlights, Fringe Hair Art opted for ammonia- and formaldehyde -free hair styling products with a strong odorless claim.
It makes sense. In fact, www.TheBeautySchool.com blog states that “the new trend sweeping the beauty industry is going green.” But they warn that going green is not easy; you can’t skimp or try to fool your customers with faux-green products. Do your homework or hire a consultant to walk you through the greening process. To get you motivated, www.ehow.com has a list of considerations when starting a Green Beauty Salon.. And remember, it’s not just about your hair products: start simple with a commitment to reusing and recycling your business waste. Your world, and your customers, will thank you.
Not a business owner? As a consumer, check out green business directories like www.greenamericatoday.org and talk to your friends about greener options.
If you are a regular at the beauty salon, would green make a difference in your choice of salons? Let us – and beauty salon owners – know what you think!
Tags: accion usa, green, Green Business, small business
Beer, Pita Chips, and Burritos?
Jim Koch (right), founder of The Boston Beer Company, can relate to the struggles of a small business owner. At yesterday's Brewing the American Dream U, he offered advice and expertise to over 150 local entrepreneurs.
Yesterday afternoon, the streets of Boston were damp and a bit dreary. But indoors, things were bright: teachers dispensed knowledge, students absorbed every word, and both listened and learned from each others’ experiences. But this scene’s setting wasn’t the halls of Harvard or MIT. Rather, it was the second-floor ballroom of the Park Plaza Hotel, where ACCION USA and The Boston Beer Company presented the inaugural Brewing the American Dream U: a free, half-day event for entrepreneurs in the food, beverage, and hospitality industries to receive expertise from leading local business owners.
Over 150 entrepreneurs attended. For four hours, they listened as fifteen experts shared advice and fielded questions on topics including “What I Learned on My Way to the Kitchen” and “Getting Your Product Ready for Retail.” The advice was timely, inspirational, and most importantly, honest.
Jim Koch, founder of The Boston Beer Company, discussed the salesman’s mentality (every time he walked into a bar, he had only a few seconds to determine why the people sitting at the counter should drink his beer and why the person behind the counter should sell it). Stacy Madison, founder of Stacy’s Pita Chips, explained the importance of targeted marketing strategies (it’s like a fire hose: you have to focus your efforts, not just spray aimlessly). And John Pepper, founder of Boloco, emphasized the necessity of resilience (he pitched his business to 39 investors before he heard the word “yes”).
The event was an important step in strengthening the Boston Beer Company-ACCION USA partnership – appropriately named Brewing the American Dream – which launched in 2008. In the past two years, the program has provided loans to small business owners in Massachusetts and, in doing so, saved or created 282 jobs.
The partnership not only involves loans but, more so, financial education and “speed coaching” events designed to empower entrepreneurs with the knowledge they need to build their businesses. Together, these programs support entrepreneurs and prepare them for the many challenges of business ownership. And judging by an e-mail we received from an event participant this morning, these efforts are working:
“I just wanted to let you know how awesome yesterday was. I was amazed at how eager and enthusiastic all the panel members, Sam Adams, and ACCION were to lend a hand to micro entrepreneurs. It was truly inspiring and empowering. As a member of the food industry, I have many friends and colleagues with big dreams of starting their own venture and I’m certain they are not aware of these incredible resources available to them. I am excited to spread the word, and to seriously consider pursuing my dream as well.”
Help “brew” this entrepreneur’s dream by donating here.
Tags: accion usa, boloco, Boston, entrepreneur, Financial Education, jim koch, Samuel Adams Brewing the American Dream, small business, stacy's pita chips
Brazil! Meet Two Inspiring Female Brazilian Entrepreneurs in Boston
ACCIONistas Erica Dorn and Amelie Busch, had the opportunity to visit two ACCION USA female entrepreneurs in Boston recently. This short video about their trip is an inspiring look into what microfinance can do not only for small business but also women hoping to improve their livelihood. A small loan from ACCION USA can enable women to be financially self-sufficient while growing a business that strengthens the economy. Those are just two reasons why female entrepreneurs ought to have better access to financial capital and a chance to be the strong and fabulous women that they all are!
Visiting Two Female Entrepreneurs in Boston from ACCION USA on Vimeo.
Tags: accion usa, Boston, business, credit card, microfinance, Saving, small business, United States
Microfinance: What’s In It for Today’s Teens?
This post is presented as part of our Youth Microfinance blog series. By nurturing student thought leadership, ACCION USA is helping to build future leadership for the microfinance industry as a whole. We hope that you’ll enjoy the ideas and perspectives of ACCION USA’s youth leaders as well as Main Street Microfinance’s regular posts from industry professionals.
By: Percy Allison
What attracts a high school senior to microfinance?
It may be hard to draw the comparison between a stu![soccer2.jpg_0[1]](http://www.accionusa.org/blog/wp-content/uploads/2010/08/soccer2.jpg_01.jpg)
dent’s soccer struggle and the effort of the entrepreneur, but I would argue that the raw similarities are surprisingly real.
During four years of struggling to become the varsity starting goalie I learned about risk, drive, persistence and perseverance.
Every entrepreneur is taking a risk. They are starting their own business. They are taking a chance to succeed. Every young person takes risks. Every young person needs someone to give them a chance to prove to the world that they too can do it. Whether it is the teacher staying after class and giving an inspirational pep talk or the football coach giving the quarterback another chance after he threw the game-losing interception – every young person needs someone to believe in them – and so does the entrepreneur.
This is why so many young people are fired up by microfinance. It is other people being creative and finding their own way. So are we. It is other people putting their heart out for something. So are we. It is other people being courageous, intelligent and believing in themselves and more importantly believing in the world to support them. I guess that is the big thing. They believe. As young people, that is the most important thing. We believe. We are new to life and we believe in it. We want to find our way. These entrepreneurs share that same contagious passion. How could we not be inspired? How could we not see ourselves in the ACCION USA client?
There are a ton of organizations and a variety of ways to help alleviate poverty and do good. But among all of those, microfinance finds a special place in the heart of teens. In this way, helping the entrepreneur is like helping ourselves — seeing them achieve is seeing ourselves achieve. And it all is confirming our belief that in the end, success is believing in yourself.
Intern (n): NOT JUST The Bottom of The Totem Pole
By Amelie Busch
Students across the country have been participating in internships since the beginning of time—perfecting the art of getting coffee, kicking the printer when it’s down, and running downtown for… more coffee.
Luckily, I’m interning at ACCION USA in New York City, where getting “cawfee” is not the major task of my day. As a new “ACCIONista” I’ve been meeting with our Microfinance Council, attending weekly marketing team meetings, interviewing clients, and uploading client stories to our Kiva page. Later this month, I’ll also have the opportunity to travel to the ACCION USA Boston office for the annual Lending team meeting.
As the Kiva Intern, I’ve spent most of my summer working with our clients and Loan Consultants to get client stories posted on the Kiva Intern, I’ve spent most of my summer working with our clients and Loan Consultants to get client stories posted on the Kiva website. Kiva’s been a great partnership for ACCION USA because it helps us lend to clients who fall just under our requirements. With the financial crisis, it’s been all about assessing our risk while still lending to eligible small businesses.
My favorite day, so far, at ACCION USA was when one of our clients, Jose, came into the office. He was meeting with his loan consultant, Elizabeth, to finalize and disburse his loan. Afterwards, I got to sit down with him and ask him about his business so that I could create his Kiva profile. It was great seeing the loan process come to life and meeting with such an inspirational micro-entrepreneur.
As an intern at ACCION USA, my experience has been eye-opening and rewarding. With the organization moving at 100 mph, like most people do in New York City, everyone plays a big role in keeping our vehicle on target. More information, trust and responsibilities are handed to me on a daily basis. With great employees, grateful clients and a fun working environment, this internship has made me feel far from the ‘bottom of the totem pole.’
Amelie Busch is serving as the Kiva Coordinator Intern for ACCION USA during Summer 2010. She is a rising senior at Elon University, studying Finance and Economics. She has a passion for microfinance and founded the Elon Microfinance Initiative – a student organization designed to promote the outreach and awareness of microfinance.
Tags: accion usa, kiva, kiva.org, microfinance, us microfinance