{"id":9197,"date":"2011-12-08T23:10:58","date_gmt":"2011-12-08T23:10:58","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/ifc-stakes-18-9-equity-in-accion\/"},"modified":"2011-12-08T23:10:58","modified_gmt":"2011-12-08T23:10:58","slug":"ifc-stakes-18-9-equity-in-accion","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/","title":{"rendered":"IFC stakes 18.9% equity in ACCION"},"content":{"rendered":"
\n

By AMAKA ABAYOMI, with agency report
ACCION International, parent company of Accion Nigeria and a pioneer in global microfinance, has signed an agreement with IFC, a member of the World Bank Group focused exclusively on the private sector, in which IFC will invest approximately $1 million in ACCION\u2019s Chinese affiliate, ACCION Microfinance China (AMC).<\/p>\n

The investment will enable ACCION to strengthen the operations of AMC, which it launched in December 2009 in Chifeng Prefecture, Inner Mongolia, to deliver financial services to the region\u2019s working poor. IFC\u2019s investment of Chinese RMB 7 million represents an 18.9 per cent equity interest in AMC.<\/p>\n

In connection with its investment, IFC previously signed a cooperation agreement with ACCION to provide up to $1 million to finance a three-year technical assistance program for AMC.<\/p>\n

\u201cIFC has been a valuable ACCION partner in many of our projects around the world,\u201d said Michael Schlein, president and CEO of ACCION.<\/p>\n

\u201cWe\u2019re pleased and honored to have its engagement and support as we continue to help create a microfinance industry in China, where ACCION is one of only a handful of foreign-owned organizations involved in the field.\u201d<\/p>\n

For Hyun-Chan Cho, IFC country manager for China and Mongolia, \u201cwe are committed to working with ACCION to help AMC expand access to finance for small businesses in Inner Mongolia and support the sustainable development of one of the least developed regions in China.<\/p>\n

\u201cWith our financing and advice, AMC is well positioned to become a leading microfinance institution in Inner Mongolia, benefiting thousands of small entrepreneurs.\u201d<\/p>\n

ACCION established AMC to provide previously underserved communities of Chifeng, Inner Mongolia, with access to quality financial services.\u00a0 It offers financial solutions to its clients in a timely and responsible manner, adapting as needed ACCION\u2019s expertise in various lending methodologies.<\/p>\n

In Inner Mongolia, 40 per cent of the population remains below the poverty line. While the Chinese economy has seen unprecedented growth in recent years, income inequality between the country\u2019s coastal regions and interior provinces is escalating.<\/p>\n

AMC\u2019s goal is to provide working-capital and fixed-asset loans for thousands of urban and rural, small and medium-sized enterprises in Chifeng.\u00a0 Loan amounts start at RMB 1,000 ($150).<\/p>\n<\/div>\n

Comments are moderated. Please keep them clean and brief.<\/p>\n<\/p>\n

See more here:
\nIFC stakes 18.9% equity in ACCION<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By AMAKA ABAYOMI, with agency report ACCION International, parent company of Accion Nigeria and a pioneer in global microfinance, has signed an agreement with IFC, a member of the World Bank Group focused exclusively on the private sector, in which IFC will invest approximately $1 million in ACCION\u2019s Chinese affiliate, ACCION Microfinance China (AMC). The investment will enable ACCION to strengthen the operations of AMC, which it launched in December 2009 in Chifeng Prefecture, Inner Mongolia, to deliver financial services to the region\u2019s working poor<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9197","post","type-post","status-publish","format-standard"],"yoast_head":"\nIFC stakes 18.9% equity in ACCION - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"IFC stakes 18.9% equity in ACCION - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"By AMAKA ABAYOMI, with agency report ACCION International, parent company of Accion Nigeria and a pioneer in global microfinance, has signed an agreement with IFC, a member of the World Bank Group focused exclusively on the private sector, in which IFC will invest approximately $1 million in ACCION\u2019s Chinese affiliate, ACCION Microfinance China (AMC). The investment will enable ACCION to strengthen the operations of AMC, which it launched in December 2009 in Chifeng Prefecture, Inner Mongolia, to deliver financial services to the region\u2019s working poor\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"IFC stakes 18.9% equity in ACCION\",\"datePublished\":\"2011-12-08T23:10:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/\"},\"wordCount\":380,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/\",\"name\":\"IFC stakes 18.9% equity in ACCION - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-12-08T23:10:58+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IFC stakes 18.9% equity in ACCION - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/","twitter_card":"summary_large_image","twitter_title":"IFC stakes 18.9% equity in ACCION - Ghanamma.com","twitter_description":"By AMAKA ABAYOMI, with agency report ACCION International, parent company of Accion Nigeria and a pioneer in global microfinance, has signed an agreement with IFC, a member of the World Bank Group focused exclusively on the private sector, in which IFC will invest approximately $1 million in ACCION\u2019s Chinese affiliate, ACCION Microfinance China (AMC). The investment will enable ACCION to strengthen the operations of AMC, which it launched in December 2009 in Chifeng Prefecture, Inner Mongolia, to deliver financial services to the region\u2019s working poor","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/"},"author":{"name":"","@id":""},"headline":"IFC stakes 18.9% equity in ACCION","datePublished":"2011-12-08T23:10:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/"},"wordCount":380,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/","url":"https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/","name":"IFC stakes 18.9% equity in ACCION - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-12-08T23:10:58+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/12\/08\/ifc-stakes-18-9-equity-in-accion\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/9197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=9197"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/9197\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=9197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=9197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=9197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}