Mar 29th 2012
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By AccountingWEB Staff
Established less than a year ago, Accountants for Social Good (ASG) has come a long way from its humble roots of only two members. ASG has consistently seen growth in membership and in the amount of social good it does for entrepreneurs worldwide through loans.
Every month, ASG consistently ranks in the top five in the business category for total loan amounts given on Kiva.org, and March is no exception (ASG currently ranks second). This March, however, also marks two major milestones:
- ASG has gained over 100 members, and together, these members have loaned over $100,000 to developing world entrepreneurs.
- ASG just reached sixth place for the all-time amount loaned through Kiva in the business category, surpassing Microsoft.
"Although it is amazing and very exciting to see Accountants for Social Good grow so much in less than a year and achieve all these amazing milestones, we have not forgotten our original goals," said Mindy Tran, chief loan analyst. "The very bottom line is that we still just want to educate people about microfinance and, through social lending, make a difference in the lives of entrepreneurs who want to help themselves. Reaching 100 members and lending over $100,000 is only the first step. We hope to see even more growth and more accountants, CPAs, financial professionals, as well as anyone who agrees with our vision, to join the team, lend, and help make a difference."
ASG is focused on zero-interest loans through the social lending site Kiva. This is achieved by utilizing nonprofit, microfinance institutions that allow ASG to make microloans to entrepreneurs in need worldwide. These microloans allow entrepreneurs access to capital that they otherwise might not have to start, sustain, and expand a business.
In March, Kiva LLC, ASG's primary nonprofit microfinance institution, is offering free trials, allowing new members to make a $25 loan to any entrepreneur of their choice, at absolutely no cost. Click to accept this invitation and make a loan.
If you would like to join the ASG team or get involved in this important cause, contact Mindy Tran at (866) 340-5652 or via e-mail.