MICROCAPITAL BRIEF: ACCION Cleared to Invest in Brazil’s Microfinance Sector

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

http://www.bnamericas.com/news/banking/Standard_Chartered,_Accion_International_get_Lula*s_approval_to_start_operations

Additional resources:

ACCION International

http://accion.org

ACCION Gateway Fund

https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=ACCION+Gateway+Fund%2C+LLC

Similar Posts: