Robert Espaillat Named President & CEO of ACCION New York.Business Editors Robert Espaillat has been named president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ACCION ACCION Americans for Community Co-operation in Other Nations New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , a nonprofit "micro" lender and member of the ACCION USA Network. Mr. Espaillat is responsible for overall management of Brooklyn-based ACCION, which provides loans and business development support to low-income self-employed New Yorkers. One of the largest microlenders in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , ACCION New York has loaned more than $16.8 million to home-based and storefront business owners who lack access to conventional bank credit. In naming Mr. Espaillat to his new position, Henry D. Lanier, ACCION New York board chair said, "Robert's broad financial experience and wonderful people skills are the right mix for broadening ACCION's support of small, locally-owned businesses that support thousands of families in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ." Among his responsibilities, Mr. Espaillat will oversee the operations of the ACCION New York American Dream Fund, which provides recovery loans and supplementary grants to small business owners affected by the Sept. 11 attacks. Since Oct. 15, 2001 the American Dream Fund has disbursed over $2.4 million to more than 210 business owners. Mr. Espaillat is a graduate of Southern Illinois University Southern Illinois University, main campus at Carbondale; state supported; coeducational; est. 1869, opened 1874 as a normal school, renamed 1947. It has a center for archaeological investigation and a fisheries research laboratory. There is also a campus at Edwardsville. with a BS in Management. He was a financial consultant for Equitable Companies, Inc., and from 1995 until recently, he worked for Greenpath, Inc., a credit counseling service, in various positions, including director of administrative operations and New York regional manager. ACCION New York was founded in 1991 with a mission to increase business and family incomes, create jobs and revitalize the economically disenfranchised neighborhoods of New York City The Neighborhoods of New York City are located within the five boroughs. Boroughs
New York City, officially the "City of New York" . The program has been particularly active among New York's Hispanic entrepreneurs in Brooklyn, the Bronx, Manhattan and Queens. Nonprofit ACCION USA is a subsidiary of ACCION International, a Boston-based microlending mi·cro·lend·ing n. See microcredit. pioneer. The ACCION USA Network has made nearly $50 million in loans averaging $5,000 to emerging entrepreneurs in 30 U.S. cities and towns from Boston to San Diego. ACCION International partner programs provide loans as low as $100 to poor, self-employed women and men in 21 countries in Latin America, the Caribbean and sub-Saharan Africa. Together they have disbursed $3.8 billion in microloans to 2.3 million borrowers, 65 percent of whom are women. Ninety-seven percent of these loans have been repaid. Note to Editors: For more information, see www.accionnewyork.org, www.accionusa.org and www.accion.org. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion