1436 W Randolph St., Suite 300Suite 300ChicagoIL60607
1994
Accion helps neighborhood entrepreneurs grow. We provide the capital, coaching, and connections small business owners need to create wealth and jobs throughout Illinois and Indiana. Where small businesses thrive, jobs are created, and investment into the community increases.
Currently Viewing: 2017 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Credit-builder Loans
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 392
Value of Microloans Disbursed $3,755,552
Value of Microloans Outstanding $3,545,710
Portfolio Quality
Mean Interest Rate 14%
Total Portfolio at Risk 3.18%
Loan Loss Rate 9.07%
Loans Past Due
30 to 60 $48,187.93
61 to 90 $20,943.37
91 to 120 $20,326.17
More than 120 $23,346.87
Other Financing Products
Small Business LoansYes
Max Business Loan Amount $100,000
Leverage Package or Guarantee Loans?No
Services Provided
Training and Technical Assistance (TA) Services
Business Technical Assistance (one-on-one assistance)
Business Development Services
Coaching/Mentoring
Financial Literacy
Credit Counseling
Access to Market Services
Business Incubation
Business Development Training
Number Receiving TA 381
Individuals Served 381
Clients Served 381
Businesses Served 381
Demographics
Gender
Women - 43.31%
Men - 56.69%
Other - 0%
Unknown - 0%
>
Ethnicity
Mixed-race - 1.84%
African American/African-born - 38.06%
Latino - 22.05%
White/Caucasian - 30.97%
Asian/Pacific Islander - 3.15%
South Asian - 0%
Native American/Alaska Native - 0%
Other - 0%
Unknown - 3.94%
>
HUD Low Income Standard
Below - 55.38%
Above - 44.62%
Unknown - 0%
>
Business Status
Business Status
Operating - 100%
Not Operating - 0%
Unknown - 0%
>
General Program Info
Area Types Served
Rural
Urban
State
MultiState
Organization Description
Stand-Alone Microenterprise Organization
Geographic Area Served
Illinois
Indiana
Geographic Area Served DescriptionThroughout the states of Illinois and Indiana.
Staffing
# FTEs 34
Individuals Served per Full-Time Equivalent Staff 11.21
Clients Served per Full-Time Equivalent Staff 11.21
Budget Info
Operating Income $1,369,385
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