ACCION USA Receives $50,000 from Wells Fargo to Provide Business Loans to Underserved Entrepreneurs in South Florida

Miami, Florida (PRWEB) January 30, 2012

ACCION USA, a leader in U.S. microfinance, was awarded a $50,000 grant from Wells Fargo. The grant – part of Wells Fargo’s commitment to economic development in South Florida – ensures access to financing for local entrepreneurs through ACCION USA’s microloans.

CNN Money recently named ACCION USA a top 10 microfinance company in the United States, based on its 20-year history in successfully serving over 20,000 clients with $120 millions in microloans. By funding small business dreams and empowering self-starters, ACCION USA stimulates the local economy with job creation.

“Southern Florida was one of the hardest hit regions of the country, but don’t tell that to the local entrepreneurs. These people create products and services people buy daily and employ local residents in an effort towards self reliance”, said Paul Quintero, CEO of ACCION USA. “Wells Fargo is investing in the ‘can do’ spirit of South Floridians and we are honored to be their partner in the revitalization effort.”

Quintero says the $50,000 will strengthen ACCION USA’s microlending and financial education program in Florida.

“We’re pleased to be working with ACCION USA in South Florida to help our communities succeed financially,” said Frank Newman, Wells Fargo Regional President for South Florida.”This grant will help the organization provide much needed resources to the micro-enterprises it supports in the region.”

Source: http://www.digitaljournal.com/pr/566233