Portfolio Partner Profile
Accion Opportunity Fund
Accion Opportunity Fund (AOF), the nation’s leading nonprofit small business lender, works to create an inclusive, healthy financial system that supports the nation’s small business owners by connecting entrepreneurs to affordable capital, educational resources, coaching, and networks. Through innovative partnerships and outreach strategies, they reach entrepreneurs of color, underfunded entrepreneurs, and women, who often lack access to the financial services they need to build and grow their businesses. For over 25 years, AOF has served a client base that is nearly 90% women, people of color, or immigrants. Their clients’ businesses have historically had a 96% survival rate, compared to the national small business survival rate of 50%. AOF’s work has supported or created more than 50,000 jobs and generated $1 billion in economic activity.
In 2020, Accion Opportunity Fund was formed as Accion U.S. Network and Opportunity Fund came together. Together, they fight for an inclusive and accessible financial system so small business owners of all identities can thrive. While this loan is our first loan to the Accion Opportunity Fund, we have made loans to both Accion USA and Opportunity Fund since 1996.