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Haiti - ONAFanm : 375 loans of 25,000 gourdes to small merchants
A few days before the start of the school year, this loan of 25,000 gourdes comes just in time for the new beneficiaries of the South Department. With a low interest rate of 1%, no social share or guarantee fund, these women can gradually struggle to get out of the rut of poverty. A period of six to twelve months is granted for reimbursement. Beneficiaries who have paid the entire loan in the time allowed, will be able to benefit in the future from a much higher envelope, ranging from 50,000 to 100,000 gourdes.
The beneficiaries are all unanimous in recognizing that ONAFanm is a great opportunity that frees them from the weight of loan sharks, thanks to its low interest rate, a reasonable repayment period and no prior contribution.
As always, a training session was held for new program recipients before handing checks.
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