Haiti has upward of 65% unemployment. The rate is even higher among women in the rural areas. Lambi Fund in partnership with local organizations will reinforce micro credit funding for women to initiate or reinforce their small business enterprises. They will receive training in managing their selected revenue stream investments. This project will create revenue for these women to care for themselves and their families. It will reduce poverty among participants and increase their capacities.
The unemployment rate in Haiti is estimated to be 67% with an inflation rate of 14% with he value of the currency plunging from HTG 39 gourde to the US dollar to 63 gourdes to $1. Revenue producing activities are essential to the survival of women who are not able to farm in rural Haiti. Eve when they farm women (madam Sara) are the most mobile purchasing needed essentials (toothpaste, non local produce, school supplies) to further their businesses and create revenue to sustain their family.
1. Create employment and revenue for the beneficiary and their families 2. provide goods and services for the larger community, maximizing the impact of the project 3. building on existing small enterprises at the base of the local economy 4. stimulate the local market The local culture of rural Haiti is exemplified by small merchant and farming in addition to service provision. Given the opportunity, women farms and post harvest sells their products to buy new products to sell.
In the last two years the Lambi Fund in partnership with farming organizations, created 1095 loans to women in rural Haiti. With income from these small businesses, 150 families will become self-sufficient.