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Marie Carmelle
Marie Carmelle has been working in the bakery business for more than 10 years. Consequently, she has developed great friendships with employees, and customers, and has found she loves all aspects of the business activity. She is passionate about what she is doing. As result, the bakery occupies an important part of her day. After several years of hard work, Marie Carmelle and her husband were able to open their own restaurant and bakery store in 2007. Because of the market regularly changing environment for most products, it is always challenging for the business to find out the existing customers’ needs. Today, the customers’ excessive demands have shown the need to acquire more equipment. A Zafen loan will help the business build and maintain successful relationships with potential customers.

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More information about this loan

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
  • 20
    View loans »
    Haiti Loans Fundraising
  • $2,147,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD