Haiti - ONAFanm : 375 loans of 25,000 gourdes to small merchants - HaitiLibre.com : Haiti news 7/7
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Haiti - ONAFanm : 375 loans of 25,000 gourdes to small merchants
06/09/2019 09:10:37

Haiti - ONAFanm : 375 loans of 25,000 gourdes to small merchants
In the context of the democratization of access to credit, during its second mission in the South, the ONAFanm Program of the National Office of Old-Age Insurance (ONA) granted to 375 small merchants a loan of 25,000 gourdes each to start or expand their business.

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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