ACCION San Diego
ACCION San Diego
ACCION San Diego helped Mario Lewis, who owns the Imperial barber shop.
Headquarters: San Diego
Number of loans: 160

Many owners in San Diego are skilled at running their businesses, but they need one-on-one technical assistance throughout the application process, said Elizabeth Schott, executive director of ACCION San Diego.

The lender -- because of its partnership with community groups -- is able to provide training in Quickbooks, website building and social media.

In 2008, it disbursed 160 loans. The following year, the lender disbursed 120 loans or $1.1 million, with a loss rate of 9.78%.


Source: The top 10 largest microlenders were taken from the U.S. Microenterprise Census, conducted in 2009 by FIELD at the Aspen Institute. The list , which is the most recent from the Institute, presents results based on the number of microloans (loans of $35,000 or less) disbursed by 362 U.S. microlenders throughout fiscal year 2008.

Half of the microlenders on this list are ACCION nonprofits. ACCION is a large microfinance organization that is charged with helping startups and small businesses. The ACCION microlenders have the same name and similar mission statements, but each focuses on its own region and is autonomous.
Last updated July 15 2011: 3:46 PM ET
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