Our mission is to provide credit to small businesses that do not have access to loans from commercial sources. Through our loans and services, we help micro entrepreneurs strengthen their businesses, stabilize and increase their incomes, create additional employment and contribute to the economic revitalization of their communities.
History
ACCION Texas is an award-winning, private non-profit 501(c)(3) microenterprise development organization based in San Antonio. We began lending in San Antonio in 1994. In 1998, ACCION Texas developed and implemented an innovative "blueprint" for establishing microlending programs in new areas around the state. The ACCION Texas network includes offices in Austin, Brownsville, Corpus Christi, Dallas/Fort Worth, El Paso, Houston, Laredo, and Edinburg, and with our partners, we serve more than 200 additional communities throughout Texas.
Financial Profile
Total Number of Loans: 10,723
Total Dollars Disbursed: $97,602,248
Active Portfolio: $20,695,080
Total Loans Under Management: $26,437,857*
Average Loan Balance: $12,790
Loan Range: $500 - $100,000 *Includes ACCION Texas and Citibank Portfolio
Statistics as of March 31, 2010
Organizational Profile
Number of Offices: 14
Number of Employees: 53
Number of Active Clients: 2,073
Total Number of Clients Served: 7,227
President & CEO: Janie Barrera
Client Profile
ACCION Texas lends to any legal small business in Texas. We do not exclude any profession or occupation. Most clients use loans for working capital or equipment purchases. Many of our clients have received more than one loan from ACCION Texas.
Although just under half of clients (46%) have been in business for less than one year, close to a third (32%) have been in business 3 years or longer. The median asset level of clients’ businesses is approximately $6,000.
Sixty-seven percent of clients identify themselves as Hispanic, 16% are African-American and 14% are Anglo-American. Women comprise 45% of borrowers.
Clients of ACCION Texas typically have lower than average incomes, with a median household income of $29,616 as compared to the Texas median of $41,994 in 2000.
Economic Impact
Between 1994 and 2009, ACCION Texas made $93.6 million in loans which
produced $173.8 million in new economic activity. These results represent
a 60 percent social return on investment – every dollar loaned creates
an average of 60 cents annually in new economic activity.
After three small loans with ACCION Texas, clients increase business equity by 22%, bring in 67% more in monthly business profits and increase take home pay by 44%.
ACCION Texas’ micro loans also create employment. ACCION borrowers
created over 1,800 new jobs and sustained over 4,000 between June 1994
and 2009.
ACCION Texas makes a loan every two hours somewhere in Texas.
Our organization provides clients with professional benefits not easily quantified, such as the ability to obtain credit, financial and business training, a sense of confidence in themselves as business people, independence, the security of knowing they have a reliable source of financing, and networking with other ACCION businesses.
ACCION Texas Historical Loan Production and Socio Economic Data
