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November 1, 2014   

Programas // Haiti - Integrated Financing for Value Chains and Enterprises

 

Haiti - Integrated Financing for Value Chains and Enterprises

FHI 360

junio 2009 - abril 2015 

The U.S. Agency for International Development (USAID) designated WOCCU as lead implementer for a three-year, US$34.4 million multi-partner program to strengthen enterprise development and promote job creation in rural Haiti. The Haiti Integrated Financing for Value Chains and Enterprises (HIFIVE) program will work with the financial sector to bring savings, credit and remittance-linked products to underserved areas of the country and provide technical training to micro-, small and medium-sized enterprises (MSMEs).

As part of the program, WOCCU will work with Haiti's financial institutions, including banks, to create affordable, yet profitable, financing options for MSMEs participating in established value chains (groups of individuals/businesses that bring a product from conception to market). WOCCU will also work with the institutions to begin offering money-transfer services and remittance-linked products, as well as expand their outreach to new service areas using technologies such as point-of-sale (POS) devices, personal digital assistants (PDAs) or cell phone banking to reduce transaction costs.

WOCCU will adapt its value chain finance methodology, developed in Peru, to help Haitian financial institutions identify at which point financing brings value chain participants the best return and represents a good investment for the institution. WOCCU will provide technical assistance, mentor loan officers and offer specialized training to help commercial banks, microfinance institutions and cooperatives develop appropriate value chain financial products and services. WOCCU's field partner in the program, TechnoServe, will facilitate value chain linkages and technical assistance training among producers, producer associations, input suppliers and buyers.

As a core component of the program, WOCCU will manage the distribution of USAID-funded grants to local financial institutions and business service providers to encourage the development and use of new technologies, training opportunities, partnerships with other USAID-funded programs and risk management practices. The grants are meant to encourage Haiti's conservative financial sector to innovate and grow beyond their traditional markets.

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CAC: 70
Socios: 438,959
Penetration*: 7%
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*Penetration rate is calculated by dividing the total number of reported credit union members by the economically active population.
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