The impact of ACCION USA and the U.S. ACCION Network is considerable. A three-year study of 849 borrowers reveals that after just two small business loans over 17 months, U.S. ACCION Network clients increased their:
take-home income by 38 percent, or an average of $455 per month
average monthly profits by 47 percent
business equity by 42 percent
But these numbers tell just part of the story. ACCION USA borrowers also reported:
increased self-confidence
a greater sense of belonging and participation in the community
* New England program initiated in 1990 as Working Capital; merged with ACCION USA October 2001.
CLIENT PROFILES
THE U.S. ACCION NETWORK
The U.S. ACCION Network is comprised of ACCION USA and five licensees that carry the ACCION name, specifically ACCION Chicago, ACCION New Mexico, ACCION New York, ACCION San Diego, and ACCION Texas. By providing loans and other business services to women and men who are unable to tap into the traditional banking sector, this national network brings new opportunities to an ever-growing number of hardworking entrepreneurs.
To date, the combined efforts of the U.S. ACCION Network have resulted in nearly $214 million loaned to over 20,600 women and men in 46 states. In 2007, the U.S. ACCION Network reported the following results:
