International microlender brings small business lending to U.S. merchants
Getting a loan to start or grow a small business can be a daunting process, and banks are less likely to give money to entrepreneurs who don’t have long histories as business owners, or have credit histories that are less than perfect.
Enter Accion: a non-profit microlender that makes commercial loans to small business owners when banks aren’t an option.
The Accion U.S. network is the largest microlending network in the US and serves 49 states. Their Boston-based sister organization, Accion currently operates in 32 different countries.
NewsHour Weekend’s Stacey Tisdale spoke with Gina Harman, CEO of the Accion U.S. Network, and with some of the microlender’s clients to learn more about borrowing and lending in the non-bank world.