Haiti - Economy : Household debt rose - HaitiLibre.com : Haiti news 7/7





iciHaiti - Agriculture : Urgency to resume exports of mangoes to the USA

iciHaiti - PNH : Floral offering to police officers killed on duty (Video)

iciHaiti - FLASH : 511 new passports available for delivery (Santiago, DR)

iciHaiti - Dominican Rep. : More than 300,000 Haitians repatriated to Haiti

iciHaiti - Obituary : Death of Professor Henry Robert Sterlin


more news


Haiti - News : Zapping...

Haiti - 29th anniversary PNH : Message from Prime Minister Conille

Haiti - NOTICE : CMA CGM increases rates for cargoes destined for Haiti

Haiti - FLASH : Investiture of the Prime Minister and his Government (video + speech PM)

Haiti - News : Zapping...


more news


Haiti - Economy : Household debt rose
15/04/2011 10:23:02

Haiti - Economy : Household debt rose
Haitian households, whatever their class, have mostly used loans to meet their economic needs. This is the result of an investigation between October 2010 and March 2011, conducted by the Agency for Technical Cooperation and Development (ACTED), on the economic situation and household debt in Port-au-Prince and Leogane.

This study shows that the use of loans increased in Port-au-Prince, after the earthquake of January 2010, while borrowing practices have slightly decreased in Leogane because of a lack of refinancing options available for usual creditors such as moneylenders, individuals and Micro Finance Institutions (MFIs). Representing 17% of loans before the earthquake, MFIs have experienced difficulties after the earthquake, which resulted in a decrease in the volume of microcredit available.

Several factors explain the use of the loan:
1 - Pay the school fees;
2 - Financing economic activities due to the non-viability of small businesses
3 - Buy food, especially in Leogane.

The categories of respondents, using debt as a form of "safety net". However, from a productive tool, the loans have become survival strategies or a way to maintain social and economic status of households.

PI/ HaitiLibre


Twitter Facebook Rss
Send news to... Daily news...




Why HaitiLibre ? | Contact us | Français
Copyright © 2010 - 2024
Haitilibre.com