
One year after the devastating earthquake that struck Haiti on January 12, 2010, its people still face enormous challenges. Help us keep hope alive for FINCA Haiti clients as they rebuild their lives and communities. Make a generous donation to the Hand Up For Haiti Campaign.
What FINCA Does in Haiti |
A Special Message from Zoe SaldanaFINCA supporter and Village Banking advocate Zoe Saldana has seen firsthand how small loans are helping 8,000 hard-working Haitian women rebuild their families' lives after last year's devastating earthquake. In her message, she shares how FINCA loans help Haitian women harness their creativity, resourcefulness and determination to work their way out of poverty and support Haiti's recovery. |
FINCA has a long-term commitment to Haiti:FINCA has worked in Haiti since 1989, providing the entrepreneurial poor with financial services to help them build small businesses, create jobs and work their way out of poverty. We have a long-term commitment to our clients in Haiti to help them rebuild their lives one loan at a time and provide a better future for their children. FINCA is there for the long haul, and we are investing in our operations in Haiti to expand our outreach to 11,500 clients by the end of the year and improve service to our clients. |
FINCA is uniquely equipped to serve Haiti’s rural and agricultural communities:FINCA Haiti serves clients throughout Haiti’s ten provinces, including in rural areas, which were under-served by the microfinance community even before the earthquake, when FINCA Haiti was one of the few providers of microfinance with a majority of clients and branches in rural zones. Haiti's rural poor live in stark privation, with even more limited opportunities than urban dwellers. As individuals and families continue returning from Haiti’s devastated cities to their rural communities of origin, FINCA branches and staff are in position to help them re-establish their lives and livelihoods with financial services. |
FINCA will stand by our clients in Haiti:In the months after the earthquake, FINCA Haiti staff met with every client we could locate who had been affected to assess the impact of the earthquake on their family and business. We forgave the loans of approximately 4,500 clients whose lives had been devastated. Our goal in forgiving their loans was to help our clients to protect their remaining assets and enable them to restart their businesses without being saddled with a debt burden. This strategy, however, has had considerable impact on our interest income, and we will need to recuperate this lost revenue. |
FINCA provides a hand up, not a handout:As Nicholas Kristof wrote in his column for The New York Times on January 5, "Those nations that have managed to lift themselves out of poverty have done so mostly with trade, not aid—with giving people jobs and a ladder, not handouts and an elevator," that is, by fostering employment to enable people to support their families and provide a better future for their children. FINCA's research suggests that 20-25% of our clients create at least one job for others, providing crucial opportunities for their neighbors. By promoting employment, microfinance is helping to rebuild Haiti, one job, one family, one community at a time. |