This study presents the methodology, findings and conclusions of ACCION's study of how microenterprises that have received credit from the first six ACCION U.S. programs have fared over time. The quantitative results of the analysis of financial data collected from participating microentrepreneurs are presented, along with qualitative interviews with a sample of clients. This publication is the first evaluation of how credit affects microentrepreneurs in the United States to be made available to the public.