Contribute to Long-Term Rebuilding in Haiti

by Lambi Fund of Haiti
Contribute to Long-Term Rebuilding in Haiti
Contribute to Long-Term Rebuilding in Haiti
Contribute to Long-Term Rebuilding in Haiti
Contribute to Long-Term Rebuilding in Haiti
Contribute to Long-Term Rebuilding in Haiti
Contribute to Long-Term Rebuilding in Haiti
Contribute to Long-Term Rebuilding in Haiti
Contribute to Long-Term Rebuilding in Haiti

Project Report | Aug 24, 2016
Long Term Rebuilding: Continuous at Lambi Fund

By Marie Marthe Saint Cyr | Executive Director

When 2015 closed, Lambi had completed 7 sustainable agricultural and economic developent projects in rural areas in the Artibonite and southern regions; with an additional 18 in process.  Our projects run 24 months.   WIth high unemployment climbing above 40%, the urgency to establish sustainable revenue producing projects cannot be overstated. Towards this end, the  Lambi Fund supported 6 community Credit funds. The credit funds benefitted 619 individuals that comprised of 510 women developing small enterprises and 109 men whose loans were dedicated to expanding their farming especially ox-plowing services. 

Loans are given at a fixed interest rate of 2% with the return expected in six months.  The community credit has been successful at a return rate that ranges between 90-100% at the exception of Oganization Peyizan Boular (OPB), whose rate of reimbursement is at 60%.  OBP has a fund for planters who have lost three harvests in less than two years and were unable to reimburse their loans due to lack of revenue.  The organization, lender, reached a strategic solution with the group of planters.  They renegotiated the loan to extend for a year.  The repayment process is dated beyond the next harvest at the same fixed rate of 2%.  The lambi Fund has assisted organization investing in the local agricultural production as well as the local retail market with an infusion of 2,925,000 HDG (Haitian gourdes); that has generated revenue of 296,000(HDG) to the organization members that is re-loaned to other members.  The total fund value for the current year is 3,221,000.00(HDG). The credit fund benefitted 619 individuals.

The alternative economy projects are very visible due their revenue producing nature.  We also see the high level of  interest  from community dwellers to join these organizations.  In the last evaluation of the revenue producing projects, beneficiaries noted their improved ability to send children to school, to diversify their retails due to needs in the time periods.  For example many women who sell clothing or soap, toiletries or cooked food, invest in school supplies in September to prepare for school entry and boost their daily retail activities.  Organizations reported building additional internal structures to monitor not only the interest for membership but also establishing processes to vet new members.  One strategy is recommendation from members and a long term service prior to eligibility for loan. 

 This is one more way we can improve Haiti.  You have made it possible.

Join us and with your contribution and help us rebuild Haiti.

We thank you for joining us in our effort!

Links:

Share on Twitter Share on Facebook

May 31, 2016
Infrastructure: Addressing a pressing need

By Marie Marthe Saint Cyr | Executive Director

Mar 1, 2016
Building Organizational Capacity of the Lambi Fund

By Marie Marthe Saint Cyr, | Executive Director

About Project Reports

Project reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you can recieve an email when this project posts a report. You can also subscribe for reports without donating.

Sign up for updates

Organization Information

Lambi Fund of Haiti

Location: Washington, DC - USA
Website:
Facebook: Facebook Page
Twitter: @LambiFund
Project Leader:
Josette Perard
Washington , DC Haiti
$119,448 raised of $200,000 goal
 
880 donations
$80,552 to go
Donate Now
lock
Donating through GlobalGiving is safe, secure, and easy with many payment options to choose from. View other ways to donate

Lambi Fund of Haiti has earned this recognition on GlobalGiving:

Help raise money!

Support this important cause by creating a personalized fundraising page.

Start a Fundraiser

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Get incredible stories, promotions, and matching offers in your inbox

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.