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Microlending creates jobs and
helps people gain control of
their financial lives.
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“Without ACCION, I wouldn’t be here.” We hear this over and over again from our customers. The stories they share are stories of pride and achievement, hard work and success. They make working at ACCION Texas, Inc. something very special.
Why Microlending in the U.S.?
Microlending—providing access to capital to those who are unable to access bank credit—is becoming an increasingly important strategy for helping low and moderate-income families. Income inequality continues to increase in the United States. Recent IRS data show that in 2005, the top 10 percent of Americans collectively earned almost as much as the bottom 50 percent of Americans. The poorest 20 percent of the population has only seen their real income increase by about 5 percent in the last 15 years—from $13,900 to $14,700. These families are finding it harder and harder to build a secure financial future—one with stable employment, a living wage, health insurance, savings, and homeownership.
To gain greater control over their working lives, many families are turning to microbusiness. Research tells us that at least 1.8 million low income entrepreneurs do not have access to microfinance products. The demand is greater than ever. For the past year, ACCION Texas, Inc. has been lending over $1 million every month in microloans. We are disbursing capital as fast as we can get it! Across the country new and established microentrepreneurs can create stronger businesses and a brighter future with access to capital.
Microloans impact families and communities
It’s easy to see how a micro loan ripples across families, communities, and even generations. Our loans create jobs, promote income stability, improve credit scores, and help customers become bankable. They also mean new home ownership, and children who benefit from seeing at an early age how business works, becoming more likely to pursue higher education as family income grows.
Microloans give options to people
who didn’t have them
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Beaird Family Foundation
Centro de Salud Familiar
CFED
Chase
Citi
City of Arlington
City of Corpus Christi
City of Houston
City of San Antonio
Comerica Bank
CPS Energy
EBS Employee Benefit Services, Inc.
Encore Bank*
Federal Reserve Bank
Frost*
Goodwill Industries of San Antonio
Guaranty Bank*
Houston Endowment, Inc.
I-Financial
IKON
La Tradicional Tortilla Factory
Louisiana Cultural Economic
Foundation
Main Street Bank*
Management Solutions Group
MATT Foundation
Methodist Healthcare
Ministries of Texas
Missionary Catechists
of Divine Providence
Morgan Stanley Community
Affairs
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Oppenheimer, Blend,
Harrison & Tate
Presto Printing
Rapides Foundation
Rees-Jones Foundation
Rockwell Fund
Small Business Administration*
Socially Responsible Investment
Coalition
Sterling Bank*
Sunset Station Group, LLC
SWBC
Texas Mezzanine Fund, Inc.*
U.S. Department of Commerce EDA
U.S. Department of Housing &
Urban Development RHED
U.S. Department of Treasury, CDFI*
United Way of Greater Houston
United Way of San Antonio
USAA*
UTSA Institute for Economic
Development
Whitney National Bank
* Also an Investing Partner
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You can support our microlending efforts
• Help us provide access to credit, and opportunities to those who need it
• Through the creation of small businesses help us transform communities
• Help us provide reliable financing and make the difference between success and failure
• Be part of the effort to support minorities and low- to moderate-income business owners
• Lets give back to our communities through tools that empower and create growth
• Encourage entrepreneurship, innovation and ambition.
If you’d like to help with a gift,
or find out about ways to give...
There are many ways to help a small business get on its feet or grow. Call ACCION Texas, Inc. at 210-226-3664, or contact Kay Simpson directly at (210) 531-5522.
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