Microcredit
By Bryan Schaaf on Friday, August 22, 2008.
In 2004, a group of farmers from Cap Haitian put their ideas into motion to create a cooperative which connects rural communities with markets. Four years later, Makouti Agro Enterprise is a bustling agribusiness in a country severely hit by the rising costs of food and fuel. The demand for Makouti’s services outweighs its newfound ability to supply them. Recognizing the critical need for timely support to these communities, Partners of the Americas and Global Giving teamed up to enable individuals around the world to support Makouti projects in vegetable gardening, animal production, and fruit tree cultivation. These projects teach rural families how to improve production of food for consumption and income. Read more »
By Bryan Schaaf on Saturday, July 5, 2008.
One must be entrepeneurial to survive on less than a dollar a day. A wide variety of organizations throughout the world are using microfinance, the provision of small loans, to tap this entrepeneurial spirit and help rural women improve their livelihoods. Pioneered by the Grameen Bank in Bangladesh, this pro poor model has been proven effective again and again in India, Rwanda, Haiti, and elsewhere. The number of organizations offering micro-credit in Haiti has grown considerably but there is still a need for expansion. Read more »
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