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About Accion Microfinance Bank Limited
ACCION Microfinance Bank Limited (AMfB) is one of the largest microfinance banks in Nigeria with a capitalization of N1.7bn and total asset of N2.7bn as December 31, 2012. Its shareholders include three of the leading commercial banks in Nigeria: Citibank, Zenith Bank and Ecobank, as well as three global financial institutions: IFC, a member of the World Bank, SME Managers and ACCION Investments. Accion Microfinance Bank is a member of Accion International Network of Microfinance Institutions. Accion International is a private, nonprofit organization with the mission of building a financially inclusive world by giving people the financial tools they need to improve their lives. A world pioneer in microfinance, Accion International was founded as a community development organization in 1961 and issued its first microloan in 1973 in Brazil. Over time, Accion has helped to build 63 microfinance institutions in 31 countries on four continents that are currently reaching millions of clients. In the United States, the U.S. Accion Network is the largest microfinance lending network in the country and has served tens of thousands of clients, with over $300 million in loans.