Lambi Fund recently approved the launch of eight new projects that are helping move rural communities in Haiti along the long path towards recovery.
One exciting project is the creation of a community credit fund for the women's organization AFAGM. Lambi Fund is providing training and the capital needed to start the fund. Workshops that train members on community credit fund management, bookkeeping, issuing of loans, organizational capacity building and more are on the horizon. These important training sessions will provide members of AFAGM with the tools they need to successfully and sustainably manage their credit fund.
The exciting part of this project is that members of AFAGM will have access to affordable credit. Current loans from banking institutions in Haiti charge upwards of 50% interest. Now, women will be able to receive loans at 2.5%, which will help them purchase supplies, inventory and other goods for their small business enterprises. These business investments increase incomes and help send their children to school and improve the quality of life for their children.
In order to facilitate long-term rebuilding and growth, Lambi Fund has been working with community organizations throughout Haiti on a variety of projects. One such venture is with The Peasant Organization of Bige (OPB) to launch a goat breeding enterprise. Lambi Fund has been training OPB members on modern goat breeding techniques, forage production and project management. They have also built pens and enclosures for the goats to graze in. Throughout Haiti’s countryside, goats are left to roam free and Haiti’s delicate environment is destroyed as a result. These efforts to build pens and grazing enclosures are promoting Haiti’s environment while also providing the goats with all the food they need! …now isn’t this picture of two kid goats just the cutest?
The Lambi Fund of Haiti's 2010 Annual Report is here! Your support on the project "Rebuild Community-Run Enterprises in Rural Haiti" played a pivotal role in our response after the earthquake. Click here to download the report to read how Lambi Fund mobilized grassroots organizations, pooled resources, and launched a strategic response post-earthquake to provide relief and to begin rebuilding in Haiti.
Be sure to take a look at the section titled "Looking Forward," which will give you a detailed description of Lambi Fund's strategy for rebuilding and looking towards the future in Haiti.
Most importantly, thank you for your kind generosity after the earthquake! Your support has helped community-run enterprises regain their footing.
An important part of rebuilding after the earthquake has been providing rural communities with the capital they need to make investments in their economies and small business enterprises. Funding community-led microcredit enterprises is just the beginning. Lambi Fund has been busy running microcredit workshops that teach rural Haitians how to manage, lend money and operate these local credit funds. Providing these organizational leaders with the bookkeeping and financial skills necessary to maintain a local microcredit fund is an essential competent in ensuring the fund is a sustainable service available to everyone in the organization. An added bonus is that once these affordable loans are paid back, even more money is available to be loaned out to other members of the community to make purchases for their small business and farming needs.
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Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
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