In St. Marc, Haiti, Rayjon supports a successful microcredit program with a 100% repayment rate! In partnership with a local grassroots Women’s Federation, we seek to expand this program, amplifying the impact.
Building on a Strong Foundation
Many loan recipients have recently completed literacy and numeracy training, and so are applying their new skills for the first time in the marketplace. We need to:
Increase the amount of loans available annually
Provide an additional tier of loans for experienced borrowers
Provide additional training in small business development, finances, and entrepreneurship
Explore methods of helping participants move their products up the value chain
Making the Leap
When beneficiaries are able to invest in small business opportunities, they take a giant step toward self-sufficiency. When individuals earn sufficient income to provide for their families, the whole community benefits.
We now want to work with them to move from strictly microbusiness to a larger-scale community cooperative, to meet communal goals.
In 2018 the Women’s Federation voiced an ambitious collective goal: to develop a larger-scale business initiative that would allow participants to make the leap from bottom-level sales to processing and producing a marketable product.
Proceed with expansion of the microcredit program, doubling loan access
Support the next phase of research: experienced program staff will work with the Women’s Federation to investigate the most feasible communal business development initiative for the area, participant group, and market conditions
Support the development of a business plan with clear objectives and implementation plan
Provide additional training and resources to support the project launch and first year of operation.