HIFIVE Success Story: Access to Agricultural Credit Gives New Opportunities to Local Farmers

  • Date Posted: April 17, 2012
  • Organizations: WOCCU
  • Document Types: Case Study or Vignette
  • Donor Type: US Agency for International Development

USAID's HIFIVE program, led by WOCCU under the FIELD-Support LWA, has partnered with Haitian financial institutions and provided support to help them develop credit products and services adapted to the needs of Haiti's agricultural producers. This success story explores how one credit union, SOCOLAVIM, based in St. Marc has begun offering a variety of credit products to meet the needs of local value chains, including rice, bananas, plantains, and livestock. Supporting the producers involved in these value chains in turn supports the local tourist industry, supplying local food products to beach hotels and restaurants.