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.
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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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