Last Industry News Update of 2012!
Happy almost New Year!
Please enjoy the last update of 2012 and have a great 2013!
Accion U.S. Network Blog
As 2012 draws quickly to a close, we wanted to reflect on what the Accion U.S. Network has accomplished together with its valuable partners and members. And what better way than diving into our media archives and sharing the highlights?
Pursuit—A University of Tennessee Journal
The field of microcredit has expanded rapidly since the 1980s as an economic means of lifting people out of poverty. Generally, microcredit has been accepted as an effective method for empowering both individuals and communities. In recent years, however, critics have brought to light some of the problems associated with microlending.
Money is a very important resource while doing business. Even a small amount helps to make a big difference. Micro lenders have started granting small loans to entrepreneurs. So, the money that they lend, though may be smaller in amount, makes a big impact.
My FOX Houston
Accion Texas Regional President Joseph Gonzalez spoke on Accion Texas’ participation in the Create Jobs for USA program
So if 2012 was the year that put “crowdfunding” into America’s collective lexicon, what will 2013 hold for the nascent industry? Here are three predictions for crowdfunding in 2013…
Travel website TripAdvisor has launched a partnership with the nonprofit Kiva connecting travelers with borrowers in countries the travelers have visited.Through the partnership, when a traveler reviews a hotel, vacation rental, restaurant or attraction in a Kiva-supported country on one of TripAdvisor’s English-language sites, that reviewer is eligible to make a $25 micoloan to a recipient in that country.
Accion East and Online, a leading U.S. microlender with over twenty years of lending history in New York City, announced a grant commitment of $250,000 by The JPMorgan Chase Foundation to expand its Sandy Recovery Business Loan Program to $725,000 in loan capital plus $108,000 in grant funding, for a total of $833,000 in support to hard-hit small businesses.
Small business owners are generally pretty terrible at applying for business loans. I know this because I am the CEO of a small business lender and I see scores of loan applications that leave me scratching my head. Loan applicants only get one chance to make a bad first impression and, strangely, most business owners make the most of that opportunity.