Word: accion
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...microfinance unit. Microfinanciers around the world are racing to offer the first real micromortgages. "That we are now talking about creating financial systems that include the majority of people in developing countries is a real departure from what has existed for centuries," says María Otero, CEO of microlender ACCION International...
...should be for profit or not for profit,” she said in her speech. “In short, I think there’s room for both.” Michael Chu, a senior lecturer of business administration at HBS and former president of microlending firm Accion International, was also a guest and welcomed the crowd to a night of “microfinance and Natalie Portman.” Doug Henry, who is in his second year at HBS and is one of the vice presidents of international development and microfinance for the Social Enterprise Club...
...high as 7%. His left-wing, anti-U.S. positions (which he describes nevertheless as "respectful") have given his candidacy momentum, especially in light of the unproductiveness of President Vicente Fox's "amigo" policies towards the big neighbor to the north. Fox's own party, the right-wing Partido Accion Nacional (PAN), repudiated the President's handpicked candidate, Interior Secretary Santiago Creel, for the nomination, choosing instead Felipe Calderon Hinojosa, a former head of PAN who is running second or third in most of the polls. Calderon alternates places in the polls with Roberto Madrazo Pintado, the candidate...
...Accion International, an organization that provides micro-loans to small businesses, called “social enterprises” in the micro-lending industry, has successfully used effective business practices to provide more than $4.6 billion dollars to more than 2.7 million entrepreneurs...
Eurkus said that when the first such loans were made in the 1960s, Accion International’s management did not expect any of the debtor countries to return the loan...