Explore the world's #1 largest database of ideas and innovations, with over 500,000 inspiring examples.
Uncover major shifts and emerging opportunities with our exclusive PRO research.
Trend Reports
Discover why 750 brands rely on our AI-powered Trend Reports to get better, faster insights.
Join over 250,000 subscribers who rely on our weekly newsletter to keep up with need-to-know trends and insights.
Join 20,000,000+ people getting better and faster with our New York Times Bestselling methods, best innovation books & keynote videos.
Get special access to premium content, topic tracking and customizable tools through our AI-powered Dashboard.
Learn how the Trend Hunter harnesses the power of artificial intelligence.
Enhance your innovation potential with a deeper understanding of your unique innovation archetype and how your organization benchmarks.
Accelerate innovation and ignite disruptive thinking with our award-winning programs and research.
Keynotes, Workshops & Webinars
Empower your team with the insights and frameworks they need to innovate better and faster.
Custom Research
Get fast, customized trend reports, presentations and deep dives 20x faster than traditional research.
Get started today with a free consultation, our self-serve tools, or a dedicated program.
Jeremy Gutsche
Ignite your event or virtual event with our CEO, a NY Times Bestselling Author and one of the top innovation keynote speakers.
Our Team of Speakers & Virtual Presenters
Inspire your group with our most popular speakers on innovation, trends, change and futurism.
Get in touch to learn more, ask a question or submit a tip.
About Us
Learn more about Trend Hunter and how we accelerate innovation.
Get answers to common questions about Trend Hunter.
Stay on the cutting-edge with the help of the Trend Hunter community.
Meet the team trusted by hundreds of leading businesses worldwide.
Find opportunities to accelerate your career with the #1 Trend Firm.
Catch up on noteworthy Trend Hunter news and media mentions.
Build a portfolio and put your trend-spotting abilities to the test.
Supercharge your marketing by partnering with Trend Hunter.
Visit your public portfolio and browse your past articles.
Add a Trend
Write up an article and showcase your trend-spotting skills.
My Trends
Edit your articles and see how they stack up on the leaderboards.
Edit your profile, connect your social media accounts, and more.
Add a trend, customize your dashboard, or track topics.
Future Festival
Innovation Events
Join the world's top innovators at our FREE Virtual events.
eLearning (NEW)
Prepare for the year's ahead with 100+ lessons, tactics, tools and frameworks with our full learning database.
Free Webinars
During COVID-19, learn to innovate through chaos, navigate the new normal and maintain work culture from home.
Custom Training & Events
Bring the Future Festival experience directly to your team or co-hosted custom event.
Search our database of 500,000 cutting edge ideas.

American-Based Microlending

ACCION Chicago Provides Financial Access to Small Business Owners

— November 11, 2010 — Social Good
When we think of microfinance, we usually tend to first think of it in terms of developing countries. However, microfinance and microlending can have a significant impact on more developed countries in North America and Europe.

ACCION Chicago is an organization that provides access to credit for small business owners that are otherwise denied loans from more traditional banking and finance institutions. Located in Chicago, Illinois, ACCION has made partnerships with thousands of customers, offering loans anywhere from $500 to $25,000 for established businesses. ACCION Chicago also provides Credit Builder loans that range from $200 to $2,500, in order to help those with poor credit history. In addition to its financial services and products, ACCION Chicago offers a wide range of business counseling.

Founded in 1994, ACCION Chicago was formerly an associate of ACCION International, a global non-profit organization, but now is affiliated with ACCION USA, which includes a variety of other ACCION locations in San Diego, Texas and New Mexico.

At ACCION Chicago, clients aren’t just numbers. ACCION’s lending program is determined by character, and not based on collateral, credit or revenue. By using references from customers and suppliers, ACCION Chicago is able to judge a potential client’s dedication to their own business—all on a case-by-case basis.

Interestingly, ACCION Chicago holds impact surveys in order to judge what changes its loans are making on job creation and small business wealth. In a survey of loan recipients from 2007 to 2009, 50 percent of those asked stated they had had a 100 percent or greater increase in business income since they received the loan. What’s more, the businesses have created or maintained 2.6 jobs each, on average.

In many ways, ACCION Chicago is changing the face of what it means to be a microfinance organization in the United States. For the less privileged in the U.S., the highly unequal finance systems are incredibly inaccessible, making ACCION Chicago crucial in order to fill in the missing gaps.

Contact Information:
ACCION Chicago Website
1436 W. Randolph Street, Suite 300
Chicago, IL
United States
Telephone: 312-275-3000

Fax: 312-275-3010