Exploring microcredit in Haiti

In Haiti, formal jobs are few and far between.  Formal jobs have set wages and normal working hours.  These are the types of jobs that many people outside of Haiti are blessed enough to have.

The UN Special Envoy for Haiti has estimated that no more than 10 percent of jobs are generated in the formal economy; meaning that the majority of Haitians earn their livelihood by operating some kind of small income generating activity.  Haitians are very entrepreneurial and industrious.  However being proactive can only take you so far.  Many people lack opportunity and the ability to access credit.  The financial system is not designed to benefit the poor.  This is why microcredit is an important development tool in Haiti.  Providing people at the bottom of the economic ladder with a small loan and quality training can give them opportunity and access to important resources.

Since 1990, World Concern has been using microcredit in Haiti to support small business owners.  Martha and I have witnessed the positive impact microcredit can have on the lives of people in Haiti.  I have really enjoyed becoming more familiar with our microcredit program in Haiti and speaking with both staff and clients that we serve.  I recently wrote a three part blog series about microcredit in Haiti for the World Concern blog.  Below you will find links to each of the three posts.  I encourage you to check it out!

Microcredit in Haiti Part 1 – How microcredit can create opportunity

Microcredit in Haiti Part 2 – How microcredit works (‘the nuts & bolts’)

Microcredit in Haiti Part 3 – How our program is unique

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