The Impact of Microfinance
At ACCION USA, we provide more than just small business loans. As a microlending organization committed to providing economic opportunity to communities in need, ACCION USA contributes to job creation and retention, taxable revenue, and increased family incomes.
Our most recent impact study in collaboration with the Aspen Institute demonstrates that an ACCION USA microloan empowers borrowers to:
- Create sustainable businesses: The business survival rate among ACCION USA clients is 98% for established businesses and 89% of start-up businesses.
- Create employment opportunity in low-to-moderate income communities: On average, each ACCION USA small business loan creates or retains 3.5 jobs. Moreover, jobs created by ACCION USA borrowers pay 24% more than the national minimum wage of $9 per hour.
HISTORICAL LENDING ACCOMPLISHMENTS
Total number of loans provided: 20,326
Total dollars lent: $128,041,241
As of 11/30/11. Also includes lending accomplishments from the combined entities of ACCION USA and ACCION New York since inception of both organizations.
ACCION USA PROGRAM GROWTH
|
Year
|
Number of Loans Made
|
Total Amount Lent
|
Average Loan Size
|
Active Year End Clients
|
Active Year End Portfolio
|
|
2001
|
101
|
$569,875
|
$5,642
|
252
|
$1,108,273
|
|
2002
|
311
|
$1,922,096
|
$6,180
|
376
|
$1,723,886
|
|
2003
|
360
|
$2,273,356
|
$6,315
|
454
|
$2,059,530
|
|
2004
|
486
|
$2,159,112
|
$4,443
|
554
|
$2,020,390
|
|
2005
|
546
|
$2,734,479
|
$5,008
|
623
|
$2,439,826
|
|
2006
|
934
|
$5,857,614
|
$6,272
|
1,031
|
$5,358,197
|
|
2007
|
1,086
|
$7,567,751
|
$6,968
|
1,458
|
$7,837,874
|
| 2008* |
1,708 |
$11,355,818 |
$6,649 |
3,299 |
$18,096,010 |
| 2009 |
629 |
$4,295,167 |
$5,124 |
2,060 |
$10,566,085 |
| 2010 |
618 |
$4,356,071 |
$7,049 |
1,371
|
$7,441,799 |
| 2011** |
640 |
$4,215,856
|
$6,587 |
1,183
|
$6,562,586
|
*In 2008, ACCION USA merged with ACCION New York and the numbers from 2008 onwards reflect that of the combined entity.
**YTD, as of 11/30/11