Haiti - Economy : Bill Clinton announces $20 million for businesses - HaitiLibre.com : Haiti news 7/7
Download the School calendar 2023-2024 (Official)

iciHaiti - PoliTour : The Tourist Police celebrates its 10th anniversary

iciHaiti - France : Donation of equipment for the special units of the PNH

iciHaiti - Tourism : Training on tourism development in the North

iciHaiti - PNH : The police continue their operations in Saut d'Eau and Mirebalais

iciHaiti - Concacaf W. U17 : The final phase will take place in Tolouca (Mexico)

more news

Haiti - News : Zapping...

iciHaiti - Politic : 54th anniversary of CONATEL

Haiti - Social : The FAES finalist of the IDB «Super-Hero of Development» competition

Haiti - Justice : The Minister of Social Affairs, indicted for abuse of power and criminal conspiracy...

Haiti - FLASH : Multinational intervention on the Security Council Agenda, what we know about the resolution

more news

Haiti - Economy : Bill Clinton announces $20 million for businesses
17/08/2011 11:08:11

Haiti - Economy : Bill Clinton announces $20 million for businesses
The former U.S. President Bill Clinton has launched yesterday, a new loan program, with $20 million, intended to Haitian entrepreneurs in order to revive the economy of the country...

According to Bill Clinton, one of the biggest barriers to the growth of the Haitian economy is the lack of facilities to provide loans on favorable terms to the small businesses. He said he was "troubled" by the loan terms offered to Haitian businesses, even if they have a perfect credit record...

Mr. Clinton announced that the first loan, of this new program will be given to Caribbean Crafts [located near the International Airport], which produces handicrafts for export and whose the shop was destroyed in the earthquake of 2010.

Caribbean Crafts, will receive a loan of an amount of USD$415.000 and the interest will be returned into the fund of program of loans to other companies, Mr. Clinton said, noting that this loan will enable the company to hire 200 additional employees.

"The space that we have is so small, we can't welcome enough people to continue orders," declared Magalie Dresse, the owner of Caribbean Craft, adding that "on the Haitian market, the lowest we'd be getting was between 12 and 15 percent. Plus we had to add to it the fees that come with it...", this loan at 6.5% will "allow us to respond to the demand that we're getting now."

See also :

S/ HaitiLibre

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

Why HaitiLibre ? | Contact us | Français
Copyright © 2010 - 2023