Zafèn, Haiti’s loan crowdfunding platform backed by the Fonkoze Foundation, has joined forces with Kiva to expand its crowdfunding reach and to distribute more loans to more Haitian entrepreneurs.
Zafèn was established in 2010, just months after a devastating earthquake hit Haiti, and provides low cost loans to small and growing businesses contributing to sustainable economic development in Haiti.
The platform was created as a way to bring together Haitian business owners, the Haitian Diaspora community and caring people everywhere interested in developing the Haitian economy. In its inaugural year, it raised $350,000 to support business and social projects.
With the new partnership, Kiva and Fonkoze will work together to ensure even broader reach for these business and social projects.
Fonkoze-Zafèn not only targets those who need the most help, but also those who will have the biggest impact in their communities by looking for the following factors:
- Businesses that don’t qualify for traditional bank loans, so would not have access to capital without a Zafèn loan.
- Small/medium Haitian enterprises that are looking to expand their businesses and create jobs.
- Projects that will improve the communities, unlock human potential, and foster sustainable economic development.
Fonkoze Foundation’s mission is to help people pull themselves out of poverty and improve their local economy. Make a loan to a Fonkoze-Zafèn borrower today to help motivated people hit the ground running and build successful businesses.
Photos from www.fonkoze.org