Fast Company announces 2006 Social Capitalist Awards
Fast Company Magazine published a list of their 2006 Social Capitalist Awards given to 25 companies who, they say, use the disciplines of the corporate world to tackle daunting social problems.One of them is ACCION International which also won in 2004 and 2005.
What it does: ACCION International has developed a network of microlending institutions that provide the poor with loans as small as $100 in order to start their own businesses. ACCION not only shares best practices to help partners reach a wider pool of clients, but it also helps them grow by diversifying into home-improvement loans, education loans, and insurance, among other services.Results: ACCION's network, operating in 23 countries, boasts a repayment rate of 97% on some $7.6 billion of loans to 4.7 million people.
posted by Paul Wilczynski @ 7:31 AM
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