Microloans in Haut Savanette See Success
Haut Savanette, Haiti —The microloan program in Haut Savanette was reestablished in 2011 after Pastor Francois took over as leader. Five participants recently completed their $100 level loan and are ready for an increase. These five church members work as a group and each is only eligible for the next six month loan when all group members have repaid their own loan.
Patrick has been a church member since 2011 and a microloan participant since 2012. Patrick uses his loan to keep a full inventory for his two trades. He buys chickens in Pignon, and after fattening them up on water, bugs and corn, he takes them to St. Raphael and resells them. In order to make the chicken trade worthwhile, his goal is to sell about twelve chickens weekly. On his trips to St. Raphael, he takes charcoal he either makes or buys local in Savanette to sell in Cap Haitian. Patrick makes the trip to Cap two times a month, and tries to align the trip with his travel to St. Raphael to save on travel cost. Both of these small businesses help him to take care of his seven family members.
Silnise, 27, is one of the original loan participants and been a church member since 2011. In order to help provide for the ten family members she lives with, Silnise sells gasoline along the main road in Savanette. She travels to Cap Haitian about two times each month to purchase gasoline. She carries them herself into town and stocks up her stand by the road. She can sell up to three gallons of gasoline per day, but many days she sells nothing. As with many small businesses in rural Haiti, travel costs eat up much of the profit to be made, and Silnise pays about $10 round trip each time she travels to Cap Haitian.
The repayment activity for this group at Haut Savanette consistently maintains their repayments above the program’s average of 92%. The program is at a point where expansion is appropriate. Ten individuals waiting to participate in the program, starting at the base level amount. But additional capital is needed to allow both of these increases.
Pastor Francois is optimistic about the microloan program expanding and flourishing in time. He has high hopes for his church and congregation and putting them on the path towards self-sustainability.