Commitment to Action

Access to Funding for SME Construction Sector in Haiti

Commitment by

Build Change

In 2015, Build Change and Fonkoze committed to address the lack of access to financing currently available for small and medium sized enterprises (SMEs) in the construction sector in Haiti, a factor which prohibits their ability to grow their businesses and produce higher quality products. Build Change and Fonkoze will develop and pilot a tailored financial solution for certified block manufacturing SMEs in Port-au-Prince, which includes a loan product and managerial technical support. Specifically, Fonkoze will assess the needs of block manufacturers in Haiti, including the appropriate average loan size and ideal installment structure, to identify a product that will meet the sector’s needs and capacity. Fonkoze, an established microfinance institution, will invest up to $2 million in loans. As a result, Build Change and Fonkoze will provide access to business services and/or loans to at least 100 entrepreneurs in the construction sector in Haiti over 2.5 years.

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Overview
Summary

Commitment

Access to Funding for SME Construction Sector in Haiti

Launched

2015

Est. Duration

3 years

Estimated Total Value

$2,070,200

Region

Latin America & Caribbean

Countries

HAITI

Commitment by

Build Change

Partner(s) of the Commitment Maker(s)

Sevis Finansye Fonkoze