#United States #San Jose #Mastercard #Accion Opportunity Fund #Learn with AOF

Introduction

In a groundbreaking initiative, the Accion Opportunity Fund (AOF) has collaborated with Mastercard to unveil Learn with AOF, a pioneering digital financial learning platform exclusively tailored for small businesses. This innovative platform aims to enhance the financial stability of small enterprises while preparing them for better loan readiness.

A Vision for Financial Inclusion

In light of recent economic challenges, including the COVID-19 pandemic and natural disasters like the L.A. wildfires, having access to financial education and resources is critical for small business owners. Luz Urrutia, CEO of AOF, articulated the organization’s long-term goal to provide $750 million in new capital to underfunded businesses over the next five years. The launch of Learn with AOF plays a vital role in facilitating access to these resources.

The Need for Financial Education

AOF acknowledges the significant challenges that many small business owners face when navigating financial systems. Each year, an alarming 79% of small businesses are unable to secure the funding they need to scale and thrive, creating an approximate $100 billion gap in small business financing. The Learn with AOF platform strives to bridge this gap by equipping entrepreneurs with the necessary knowledge and skills to approach financing strategically.

Key Features of Learn with AOF

The platform sets itself apart by offering content specifically tailored for the unique needs of small business owners. Here are some of its main features:

• - User-Centric Design: Small business owners voiced their concerns that current online financial resources didn't cater accurately to their needs. Learn with AOF fills this void by providing targeted learning paths based on individual financial situations.
• - Customizable Learning Paths: The platform allows users to embark on customized learning experiences relevant to their specific challenges, making financial literacy more manageable and less intimidating.
• - Free Tools and Templates: As users progress through the platform, they gain access to valuable tools and templates that facilitate the practical application of their newfound knowledge.

Partnering for Change

Sandy Fernandez, Vice President of Social Impact at the Mastercard Center for Inclusive Growth, emphasized that economic opportunity extends beyond merely gaining access to capital. The platform not only supports small business owners in understanding the financial landscape but also empowers them to forge long-term, sustainable business strategies. “We are proud to partner with AOF to bring this innovative learning platform to small business owners,” Fernandez stated.

Conclusion

As small businesses continue to navigate a complex financial environment, initiatives like Learn with AOF offer essential support in fostering economic resilience. For those interested in joining this community of learners, more information is available at aofund.org/learning. The launch of this digital financial learning platform marks a significant step toward accessible, inclusive financial education that cultivates thriving small businesses.

About Accion Opportunity Fund

Accion Opportunity Fund is dedicated to advancing economic mobility for underserved small businesses by providing affordable capital, essential resources, and valuable networks.

About the Mastercard Center for Inclusive Growth

The Mastercard Center for Inclusive Growth focuses on promoting equitable and sustainable economic growth globally, leveraging technology, data insights, and philanthropic efforts to drive inclusive growth initiatives.


For further updates, follow AOF on LinkedIn.