Haiti to have increased access to small business loans

Haitians will have increased access to small business loans as the Caribbean Development Bank (CDB), Inter-American Development Bank (IDB), Global Affairs Canada and Desjardins International (DID) of Canada have partnered to increase services for Micro and Small Enterprises (MPE) in the country.

The project entitled “Support for the Establishment of a Specialized Micro and Small Business Financing Assessment Unit”, within the Le Levier Fédération (a network of savings and credit cooperatives)” will support the Federation in implementing place of a unit specializing in finance for MEPs.

The project provides for an investment of US $3.04 million, which includes a $500,000 loan component for on-lending, to Le Levier’s first-rate credit and savings cooperatives, which use the Center’s model. affiliate for Financial Entrepreneurs (CFE) for the financing of MSEs.

The remaining resources will be used to support the establishment and implementation of the CFE model in participating financial cooperatives.

The CBD will focus specifically on underserved and unserved MSEs in Haiti, committing up to US$500,000 for funding activities related to the establishment of CFE in northern and southern Haiti