Microfinance project orgc 201

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  • 1. Microfinance Project Bryan ONeill, Alyssa Pride,Ali Quadri, Colleen OMalley
  • 2. Akasan: AK100• Traditional Haitian breakfast• Ample nutritional value• 24% percent of children under age 5 suffer from chronic malnutrition
  • 3. Cham-Cham- Haitian food specialty- Paul Ducarmel: businessowner
  • 4. "Increase stock of peanuts in order to avoid pricefluctuations on peanuts on the marker." - Need $7,500 -Currently have 0% -Location: Maissade -Repayment Term: 12 months
  • 5. Economical Background•Haiti is a free market economy•Haiti also has a tariff free trade treaty withthe United States of America•Is the poorest country in the westernhemisphere• 80% of the population is living under thepoverty line•Haiti’s only export partner is the UnitedStates of America
  • 6. Aftermath of the Earthquake•Two-fifths of all Haitians depend on theagricultural sector, mainly small-scalesubsistence farming, and remain vulnerable todamage from frequent natural disasters,exacerbated by the countrys widespreaddeforestation.
  • 7. Loans to Reform State•Haiti suffers from a lack of investment, partly because oflimited infrastructure and a lack of security. In 2005, Haitipaid its arrears to the World Bank, paving the way forreengagement with the Bank. Haiti received debtforgiveness for over $1 billion through the Highly-Indebted Poor Country initiative in mid-2009.
  • 8. GDP•GDP Exchange rate is at $7.895 billion(2012 est.)•GDP growth rate is at 4.5% (2012 est.)–Which is much better than the rate was the yearthe earthquake took place, -5.4% (2010 est.)
  • 9. Unemployment•Since a lot of the jobs in Haiti requiredagricultural ways of making an income,many citizens have lost their jobs.•The unemployment rate for Haiti is at astaggering 40.6%
  • 10. What is FAM?Save The Children wanted to establish a program to contribute to developing the economy in Maissade using women.In 1985, they developed this program, but it ended 10 years later.The women who were involved had created 115 clubs, each with 10 women before the program ended.In 1998, they combined the 115 clubs into 10 big associations, which became FAM.
  • 11. FAM• Produces peanut butter, chanm chanm, jelly, jam, AK 100, cassava, ground corn and beans.• 85 part time employees and four full time employees.• FAM works to incorporate women into the workforce in Maissade.
  • 12. Goal• Goal is to help FAM increase its stock by purchasing 1200 pots of peanuts, which are used in all of their products except jam and jelly to avoid scarcity and price fluctuations.
  • 13. Results of Project• Purchasing the peanuts will add 2 part time jobs.• Jobs will be used to distribute FAMa products to the local market.• Be able to meet their demand from the Bureau of Nutritional Development (BND) which runs a program designed to feed school children.
  • 14. • Because peanuts are known for their benefits in nutrition, through the BND program, 3,500 schoolchildren in Maissade will receive daily meals with nutritional value. FAM supplies BND with some of the necessities for their program.
  • 15. Results Continued• Will assist the farmers in diversifying their plantation.• Thus, farmers will no longer have to cut down trees for charcoal make a living and support their families.
  • 16. Call to Action•• Microfinance• What can be achieved• How you can help
  • 17. Stop By Our TableWhen: Monday, April 1stTime: 11 a.m. - 2 p.m.Where: Student Center AtriumWhat: Bake Sale Fundraiser forPeanut Farmers!
  • 18. Spaghetti Dinner-What: A dinner to raise money for the peanut project in Haiti-Where: Cortelyou Commons-When: Friday, May 3rd @ 6 p.m.-Cost: $25