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Due to the warm weather in Haiti, people are always in need for fresh drinking water and beverages. Consequently, Morisson understood the necessity to open the Frigo business to meet this need of the people. He started his business in 2006 by selling gallons of water from his artesian well. He sold more than 600 gallons per day. Today, His customer base and potential demands are remarkably increasing . The business has addressed the needs by increasing its production equipment, and by providing greater product differentiation by selling not only water, but natural juice and other beverages. Finally, the business has to turn to a loan which will help serve its potential customers at the lowest price, highest quality, and fastest service.

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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


About Haiti

  • $1,300
    Average annual income
  • 0
    View loans »
    Haiti Loans Fundraising
  • $1,960,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD