Commitment to Action

Recapitalizing Haitian Women through Microfinance and Ed.

Commitment by

Sevis Finansye Fonkoze

In 2008, Fonkoze committed to raise funds to put new, interest-free loans into the hands of 14,000 poor women who lost all their business assets as a result of Hurricanes Fay, Gustave, Hanna and Ike. This commitment will allow women to recapitalize their businesses and put their families back on track in their struggle to overcome extreme poverty.
As of April 2011, Fonkoze completed the commitment by distributing recapitalization loans to nearly 14,000 women with an extended one-year repayment period and reduced interest. Many of the recipients of the loans were able to improve their poverty and food security status.

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Overview
Summary

Commitment

Recapitalizing Haitian Women through Microfinance and Ed.

Launched

2008

Est. Duration

1 year

Estimated Total Value

$4,500,000

Region

Latin America & Caribbean

Countries

HAITI

Commitment by

Sevis Finansye Fonkoze

Partner(s) of the Commitment Maker(s)

American Jewish World Service, Digicel, Partners In Health, Grameen Foundation, BRAC USA, Vital Voices Global Partnership, Plan International