With small business loan products and financial literacy programs tailored to meet our borrowers' needs, ACCION New York and New Jersey provides access to the essential tools required to help NYC entrepreneurs increase their incomes, provide for their families, and enter the financial mainstream.  We recognize that the sense of empowerment our entrepreneurs gain as a result of financial independence is just as important as the small business loans we provide.

Historical Lending Accomplishments

 

 

Total Loans Made: 11,338
Total Amount Disbursed: $80.7 million

Year	Amount Disbursed	Active Portfolio	Active Clients	Average Loan Size	Percentage of Women Clients
2007	$10,889,891	$15,420,304	2,079	$8,109	37%
2006	$13,495,386	$17,037,888	2,240	$7,778	40%
2005	$13,038,446	$14,163,715	1,849	$9,054	38%
2004	$10,272,071	$10,669,008	1,433	$9,415	40%
2003	$6,075,290	$7,044,643	1,065	$8,882	33%
2002	$6,292,944	$5,863,597	985	$8,248	32%

Data as of 03/31/08

 

In our 2006 Client Impact Study, our borrowers described how their ACCION microloan positively affected their lives:

• 96% reported that their microloan positively impacted their business.
• 77% reported higher business revenue post-loan.
• 72% took home more take home pay post-loan.
• 61% gained access to other forms of credit after their ACCION small business loan.
• 68% felt they had improved their credit management skills.
• 50% increased their personal savings post-loan.
• 59% became more involved in their community post-loan.

Our Clients

ACCION's borrowers are as diverse as metropolitan New York itself, representing over 70 distinct countries and a variety of business sectors.  Of our borrowers:

• 37% are women
• 90% are minorities
• 85% are immigrants