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USAID’s HIFIVE program, led by WOCCU and FHI 360, has partnered with caisse populaire SOCOLAVIM to support the credit union to tackle critical barriers to expanding access to finance in the Artibonite department of Haiti. This success story explores how SOCOLAVIM with the support of HIFIVE was able to interconnect all of SOCOLAVIM’s branches by investing in information and communication technology (ICT).
Mangos are Haiti’s largest agricultural export, topping over $10 million in sales per year. Not surprisingly, exporters prefer to work with suppliers who can provide large volumes of mangos at consistent quality. This preference makes it difficult for small producers to participate in the lucrative mango export market.
Individually, “very poor” producers in Haiti’s Central Plateau do not produce mangos at a large enough volume to supply exporters directly. Thus, market limitations have a prohibitive effect on the income of very poor producers.
The following success story documents the second Foire d’Opportunité Finaciere et Economique or Financial and Economic Opportunities Trade Fair held by the Haiti Integrated Finance for Value Chains and Enterprises (HIFIVE) project in Saint-Marc February 20-21, 2014.
The Cooperative of Planters of Coffee from the District of Belle-Anse-Thiotte (COOPCAB) in rural Haiti were able to improve their exports both in quantity and quality after receiving a loan that was made possible by a grant from the HIFIVE project to two local financial institutions. With support from these financial institutions, COOPCAB was able to dramatically increase exports and achieve positive results in international markets.
This success story documents the story of an entrepreneur in rural Haiti who was able to obtain a loan and subsequently saw his income increase when the credit union Caisse Populaire Fraternité (CPF) opened a new branch in Plaine-du-Nord, Haiti in November 2012 with financial help from the USAID-funded HIFIVE project.
As part of USAID’s response to the earthquake in Haiti, HIFIVE provided grants to a number of affected MFIs to help stabilize the institutions and to improve their ability to continue supporting their clients.
The microRISK Alliance has formulated the following real world case studies which serve to illustrate the positive impact of the MRA Principles in action. This case study focused on a small network of 5 MFIs across Latin America, with its headquarters in the U.S.
This thesis highlights the unintended consequences of CCT programs. It also attempts to identify the causal pathways that led to the implementation of targeted, conditional cash transfer programs in sixteen countries in Latin America.