Community Credit Funds
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!