Access to Credit Helps to Rebuild Businesses after the Earthquake
Many microfinance institutions suffered serious damage and losses in the impact zone during Haiti’s earthquake in 2010. Their physical structures as well as their client activities and clients’ repayment capacity were seriously impaired. USAID/Haiti’s HIFIVE project, an Associate Award under the FIELD-Support LWA, responded by providing grants to a number of affected MFIs to help stabilize the institutions and to improve their ability to continue supporting their clients.
This Success Story explores how one credit union was able to launch a new program through a HIFIVE MFI stabilization grant and the positive impact it had on five local tailors.