What is our Microloan Program?
We began this program to empower and strengthen the female working sector in Haiti, all while investing in the local economy.
Our business training and micro loan program provides 0% interest loans to women with established businesses. We began this program to empower and strengthen the female working sector in Haiti. Most Haitians earn their living by operating small enterprises, but they do not have equitable options for receiving access to credit to grow their businesses. This effort includes education and training, utilizing local partners and local church leaders.
Women in the microcredit program join an association. Besides sharing a loan, members will support and encourage each other. The association provides women with a sense of community, which is critical for them when trying to run their own business.
Community Impact
Our initial program located in Gonaives, Haiti began in 2018 and included 8 women who were given loans between $300 and $1,000 after completing a 2-month business training with their church leaders. All 10 monthly payments were made on time and the entrepreneurs’ businesses have succeeded – a positive step to building sustainability in the community.
We completed the 2nd round of loans in 2020, benefitting 10 women with a 91% payback rate. We reinvested the money for a 3rd round of loans in January 2022, helping 8 women in Gonaives and Desdunes grow their businesses and better provide for their families.
Program Growth
We have launched a 2nd Microloan Program in Kenscoff where our main site is located. 20 people were interviewed, and 11 were selected to take part in our business training and business plan development before qualifying to receive a loan. Their small businesses include farming, selling produce, bulk food items, cosmetics, street food, and a salon. We are excited to continue on the path towards sustainability in our villages.
Plans for the Future
We know that helping to grow economic opportunities in Haiti is a tangible way to see systemic change in the country. We are passionate about our Microloan Program and the ways it empowers women in Haiti to grow their businesses and provide for the needs of their families. Our goal is to implement our Microloan Program in our rural villages across Haiti. Partner with us to create sustainable change in Haiti.
Chances for Children provides HOPE to Haiti's children.
WHERE WE WORK
