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Gregory
Gregory, as an entrepreneur, has always shared his interest to launch a business in Haiti. On June 2009, he borrowed money from friends and family to start a broiler chicken farm. After five years of operation, Gregory has dealt with many challenges due to the high demands from his customers and the lack of resources. Willing to expand production by 25% while creating new job opportunities, Gregory applied for a loan. This will help feed more chicks during the 45 days for consumption with quality vet care. Your loan is desired to make Gregory’s business grow!

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This loan could be made to a small and growing business (SGB) or a cooperative.  Please note that due to the risky nature of lending to SGBs and cooperatives, a market segment that is generally not served by microfinance organizations, Zafèn loans carry a significantly higher level of repayment risk than most other Kiva loans. The program has a repayment target of 70%, well below that of Fonkoze’s other portfolios. Lenders who choose to fund Zafèn loans should be aware of this risk.

 

About Fonkoze - Zafèn:

Fonkoze is Haiti’s largest microfinance institution, offering a full range of financial and development services to Haiti’s rural poor. Zafèn is a program created by Fonkoze to provide soft loans, training and support for small and growing businesses in Haiti. Soft loans are loans that are below the market rate of interest.

Zafèn loans are now crowd funded on Kiva, which will reduce website maintenance costs for Fonkoze and allow more Zafèn loans to be funded faster. It will also allow the program to cover more of its costs and move towards self-sufficiency.

More details and information on the projects are available on www.zafen.org

About Haiti

  • $1,600
    Average annual income
  • 0
    View loans »
    Haiti Loans Fundraising
  • $1,837,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD