Accion to Double the size of its Microfinance Investments; sets sights on India and China

In more news coming about Accion’s plans for Asia, Accion International plans to increase the size of its investments to USD 50mn with investment focus in India and China. Accion Investments, which is Accion International’s microfinance fund, is currently capitalized at USD 19,523,000. Additional investments from institutional investors and high net worth Individuals are being obtained to increase the size of the fund and full commitment is expected by early 2007.

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