Accion Opportunity Fund Report Shows $5.46 Billion in GDP Generated and Support for Over 70,000 Jobs
The fifth edition of Accion Opportunity Fund's 'Ripple Effect' report highlights the economic impact of its lending activities over a ten-year period. The analysis shows that every dollar of public funding catalyzed an estimated $112 in GDP and supported more than 70,000 jobs through small business growth. AOF reached nearly 20,000 businesses, with most operating for at least two years post-loan. The report details how approximately $48.7 million in public funding helped mobilize over $307 million in debt capital from investors and $139 million in philanthropy. This led to the disbursement of nearly $960 million in small business loans, generating an estimated $5.46 billion in GDP nationwide. AOF's model focuses on underserved communities, with 71% of borrowers coming from low-income households and 90% operating in or serving such areas. Ripple has committed $15 million to AOF, including permanent lending equity that could generate up to $900 million in GDP over the next decade.
Topics: GDP creation lending public investment underserved communities