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Impact

ACCION international
UNITED STATES OF AMERICA

Average minimum wage: $7.25/Hour
Loan Amount by SBF: USD 160,000
Average Loan Size: USD $8000

Accion is committed to bringing affordable small business loans to micro entrepreneurs. Accion has provided over $132 million since inception in 1991, helping to grow small businesses and strengthen the communities they serve.

With a business survival rate of 97%, ACCION USA has lent 3,467 loans worth USD 36,817,155 last year. Out of all the loans disbursed, 42% were lent to women.

Accion offers the personalized training; mentoring and resources that entrepreneurs need to reach their full potential.

accion

International

E-mail:

loans@accioneast.org

Testimonial

Danielle Trofe

Business: Lighting and Furniture Design Studio/Urban Gardening Technology

 

Her project, Live Screen, a hydroponic garden installation for the indoors, had won international recognition from Italy’s Winter Design Furniture Fair. With her newfound success, Danielle decided to start her own lighting and furniture design studio, focusing on a function-forward approach working with sustainable materials and local manufacturing companies.

 

Danielle had depleted any working capital she had to move her business forward and was seeking capital when she came across an article about the Tory Burch Foundation, which directed her to Accion. Danielle applied for a loan through Accion’s Sandy Recovery Program and received a $13,000 loan and a $1,950 grant to support her in building and testing a second Live Screen prototype, move to a different studio, and help her showcase her product at another furniture fair to large-scale manufacturers.

 

With an Accion loan and grant, Danielle is able to continue growing her business of creating affordable urban gardening technology.

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