ACCION International has reportedly received approval from President Luiz Inácio Lula da Silva to operate in Brazil. The US-based nonprofit will be allowed to hold 99 percent of the Brazilian operations of its Gateway Fund, which holds shares in microfinance institutions in Bolivia, Colombia, El Salvador, Haiti, India, Mexico, Panama, Paraguay, Peru and Venezuela.
Source:
Business News Americas article
Additional resources:
ACCION International
ACCION Gateway Fund
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=ACCION+Gateway+Fund%2C+LLC
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