The Lambi Fund of Haiti

Supporting economic justice, democracy and sustainable development in Haiti

December 18, 2014

Community Credit Fund

2013 Projects

Affordable capital to launch small-business enterprises and to invest in more seeds and tools is hard to come by in Haiti. In partnership with Lambi Fund, members of community organizations are banding together to form community credit funds. Lambi Fund provides the much needed seed money to create the fund and trains organization members in credit fund management and bookkeeping. As a result, affordable loans are made to members at a rate of 1-5% and given flexible repayment options. The beauty of this model is that when the loans are repaid, the interest made grows the fund and allows the organization to make even more loans to members. The money stays in the community and these funds provide members with a much needed safety net and access to much needed capital to start self-sustaining community projects for years to come!

Grain Storage and Community Credit Fund
Youth Association of Sel
AJS: 255 members - 135 men, 120 women

grain

In order to revive local agriculture and generate local employment opportunities, AJS is partnering with the Lambi Fund to build a grain storage facility, enabling AJS to purchase, store and sell affordable grain to its 255 members. Further, the Lambi Fund is helping AJS to expand its community credit fund, which will allow AJS to offer an additional 50 loans to farmers purchasing seeds for crop planting. In addition, Lambi Fund is providing technical assistance to AJS by training members on organizational capacity building, project management and grain storage facility management along with the resources and training to build a nursery and plant 20,000 seedlings.


Ox-Plowing Service and Community Credit Fund
Union of Planters for the Development of the Environment in Picot
UPLADEP: 42 members - 16 women, 26 men

Oxen

UPLADEP wants to help increase farmers' revenue in Piko by providing ox-plowing services and a credit fund. In partnership with the organization, Lambi Fund is funding the purchase of six oxen and three ox plows and providing the starter money for a community credit fund. The community credit fund will allow UPLADEP to offer loans to 25 farmers. In order to ensure smooth operations, Lambi Fund is providing training on ox-plow operation, project and credit fund management, organizational capacity building and forage production. In addition, Lambi Fund is providing the tools, seeds, materials and training to build a nursery and plant 20,000 seedlings in the community.


Ox-Plowing Service and Community Credit Fund
Group of Women Miracle of Faith
GWOFAMIL: 52 members - 49 women, 3 men

Ox plowing

GWOFAMIL's members would like to help farmers be more efficient by replacing picks, machetes and hoes with ox-plows. In order to achieve this, Lambi Fund is providing the resources to purchase six local oxen and three ox plows, as well as creating a community credit fund that will enable 25 farmers to obtain loans at affordable rates. Additionally, Lambi Fund is providing training in ox-plow operation, project and credit fund management, organizational capacity building, forage production and conservation. Seeds, tools, training and supplies necessary to plant 20,000 seedlings are being provided as well.


Sustainable Agriculture and Community Credit Fund
Moje Planters' Organization
OPMO: 150 members: 50 women, 100 men

Members of OPMO have arable fertile land for agriculture, but suffer from low rainfall, which reduce crop outputs. In order to increase agricultural productivity in this area, OPMO has partnered with Lambi Fund to irrigate 30 acres of land and to establish a community credit fund for farmers. The credit fund will provide farmers with access to affordable loans to purchase tools, seeds and other inputs needed to increase crop productivity. While the purchase of two mobile irrigation pumps will water fields from the nearby river. Training on credit fund management, bookkeeping, sustainable agriculture and organizational capacity building will also be offered.


Ox-plow Service and Community Credit Fund
The Society for Agricultural Development of Nip
SADN: 55 members: 20 women, 25 men

Members of SADN suffer from low agricultural productivity and access to farming tools in their community. In an effort to remedy this, SADN has partnered with Lambi Fund to launch an ox-plow service and a community credit fund for farmers. Currently, farmers have to plow their fields by hand. It is such time consuming and back-breaking work that many fields do not get plowed in time for planting season. This ox-plow service will provide members with access to oxen that can plow their fields affordably and efficiently. The credit fund will make affordable loans to farmers allowing them to purchase more seeds, tools and agricultural inputs to increase their harvests. For this project, Lambi Fund is funding the purchase of six oxen and three plows. Trainings on sustainable agriculture, credit fund management and organizational capacity building are also being provided.


Community Credit Fund
The Agricultural Peasants Organization for Economic and Social Development
OPAGDEVES: 320 members: 209 women, 111 men

OPAGDEVES is a large organization of 320 members dedicated to economic and social development in their community, yet they have limited resources to make viable business investments. As such, the organization has partnered with Lambi Fund to launch a community credit fund. This fund will start by issuing 50 loans to members who will then be able to make investments in their small businesses and agriculture. As the loans are repaid, the fund will grow and the group will have even more money to loan to its members. Lambi Fund is providing the start-up capital to create the community credit fund and is administering workshops on credit fund management, bookkeeping, and organizational capacity building.


Community Credit Fund
Association of Women for Action in Gwomon
AFAGM: 205 women

Members of AFAGM want to strengthen their community credit fund so that they may expand their loan capacity. Increasing the credit fund will allow 100 AFAGM members access to affordable loans. This will allow members to purchase more seeds, tools, and supplies which are needed to increase crop inputs and harvest yields. Lambi Fund will provide the seed money to expand the organization's credit fund and will administer training in credit fund management, organizational management, and capacity building.

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