FINCA Results

Measuring Our Impact

Social Performance Management

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  • Approach
    • FINCA’s Mission
    • Survey Methodology
    • Data Sources
  • Indicators
    • Financial Inclusion
    • Living Standards
    • Income & Employment
    • Women’s Empowerment
    • Clients’ Goals
  • Global Data
    • Africa
      • DRC
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      • Tanzania
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    • Eurasia
      • Armenia
      • Azerbaijan
      • Kosovo
      • Kyrgyzstan
      • Tajikistan
    • Latin America
      • Guatemala
      • Haiti
      • Honduras
    • MESA
      • Jordan
      • Pakistan
  • News

Haiti

Launched in 1989, FINCA Haiti is one of the oldest subsidiaries in our network and the largest in the LA region. In a country where 40 percent of the population is officially unemployed, , FINCA supports small and startup micro-enterprises, enabling Haitians to create their own jobs. FINCA provides Village Banking, iSME, agricultural and local currency loans as well as money transfers services to clients in both rural and peri-urban areas around the country.

Explore Haiti Data ↓

Financial Inclusion

Haiti:
Reaching the Financially Excluded

72% Adult population financially excluded
33,791 89% Female borrowers % #
38,419 Total FINCA clients
15,244 40% Borrowers in rural areas % #
38,111 Total FINCA borrowers

Haiti has one of the highest rates of financial exclusion in the world -- nearly 3 in 4 adults lack access to a basic bank account. FINCA Haiti is striving hard to fill this gap, through a five-year initiative funded by Global Affairs Canada (GAC). The GAC project will see FINCA continue to increase its outreach through Moncash, a digital payments platform, along with expansion throughout the country and a rigorous customer research program.

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Living Standards

Haiti:
Quality of Life

4,954 13% Client homes without water % #
14,863 39% Client homes without electricity % #
20,809 55% Client homes without access to Internet % #
12,577 33% Clients who don’t own their home % #
20,923 55% Head of household with primary education or less % #

FINCA's clients in Haiti contend with very difficult living conditions, in large part due to the lack of basic services. Most borrowers lack clean drinking water in their homes, and the supply of electricity is very limited in rural areas. In addition, over half of clients live in a household whose main breadwinner has only a primary education or less. This factor alone makes the family's progress out of poverty more difficult, because it is strongly correlated with lower incomes and limited job prospects.

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Income & Employment

Haiti:
Income & Employment

$1,799 22% Average annual profit % #
2.7 Average # of employees per client enterprise
102,835 People employed in FINCA-funded enterprises
31,908 31% Employees hired due to FINCA loan % #
24,680 24% Wages paid above the poverty line % #
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The vast majority of FINCA's clients in Haiti are traders who face stiff competition in their crowded markets. This keeps their average margins very low, at 22 percent., equal to $1,800 per year. Despite this, our clients make intensive use of labor, generating the highest rates of employment (per enterprise) in the whole FINCA network. The average client business employs 2.7 people, including the owner. With such slim margins, however, they are unable to pay high wages, so most workers are earning below the national poverty line.

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Women’s Empowerment

Haiti:
Empowering Women

33,791 89% Female borrowers % #
9,282 24% Clients with female-headed household % #
20,538 54% Households with female as main earner % #
31,365 82.3% Businesses run by women % #
44,209 43% Women employed by enterprises Avg. #
90,289 88% Jobs created by women % #

Women make up 89 percent of FINCA's customers in Haiti -- one of the highest rates of female outreach in the world alongside Jordan. Other indicators of women's empowerment are also very strong in Haiti. Women make up the vast majority of business-owners, and they create most of the jobs. Forty-three percent of the people employed in our clients' enterprises are also women, who can enjoy the benefits that come with having an independent source of income.

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Clients’ Goals

Haiti:
Attaining Business and Personal Goals

Goals Set By FINCA Borrowers
Goals Met By FINCA Borrowers
2,401 6% Start a business % #
26,906 71% Expand a business % #
343 1% Invest in education % #
2,096 6% Improve their home % #
76 0% Buy an asset % #
1,715 5% Pay down debts % #
2,110 88% Start a business % #
19,292 72% Expand a business % #
305 89% Invest in education % #
1,193 57% Improve their home % #
0 0% Buy an asset % #
657 38% Pay down debts % #

FINCA's borrowers in Haiti are very business-minded. Nearly four out of five are intent on expanding their businesses or starting one. These aspirations take precedence over other goals, such as improving their homes or acquiring assets. Our clients show great optimism in pursing these objectives, as shown in the high percentage who are meeting their goals with FINCA's help.

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Business Activities and Profit

Haiti:
Poverty, Economic Sectors, Jobs and Profits

FINCA Loan Sectors

32,928 86% Trade % #
3,659 10% Services % #
1,258 3% Manufacturing % #
0 0% Crops % #
0 0% Livestock % #

Profit and Profit/Sales Ratio by Sector

$1,595 21% Trade Profit/sales ratio Avg. profit
3,413 27% Services Profit/sales ratio Avg. profit
$2,810 33% Manufacturing Profit/sales ratio Avg. profit
$0 0% Crops Profit/sales ratio Avg. profit
$0 0% Livestock Profit/sales ratio Avg. profit

Jobs by Sector Due to FINCA Loan

25,829 81% Trade % #
3977 12% Services % #
2,103 7% Manufacturing % #
0 0% Crops % #
0 0% Livestock % #

Latin America Stories

Annesse Aristild and Kerlande Toussaint and their youngest child in front of their school in Gonaives, Haiti

Tenacity and Courage Ensure that Kids Get an Education

Kerlande Toussaint and her husband have proven that with tenacity and courage that they can thrive in the face of adversity. Read...
Read Kerlande's Story
Paula Calabay and her two daughters

FINCA Loans Support Guatemalan Weaving

Thanks to FINCA loans, Paula Calabay has been able to find success in the ancient art of weaving and support her two...
Read Paula's Story
Nicolasa Sacay weaving on her loom

Weaving a Better Future

Nicolasa lost her mother when she was young and grew up in poverty. Today she is weaving a better future for her...
Read Nicolasa's Story

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