US-based Accion recently made an equity investment of US$ 1.9 million in CrediConfia, a microfinance institution providing financial services to microentrepreneurs and low-income households in rural and semi-urban areas of east-central Mexico, thereby obtaining a 9 per cent stake in CrediConfia, a seat on the MFI’s board of directors and a three-year contract to provide governance, management and technical support to the MFI. Read more here.