How Dominican Republic Loans Help Haitians

23 March 2009 at 14:34 8 comments

Many people have expressed desire to see more Haiti loans. In response, I would like to explain what is currently taking place. Presently all Haiti loans must go through the Esperanza office in the Dominican Republic. This is because the Esperanza Haiti office (located in Cape Haitian) is not yet a recognized MFI. Kiva and Esperanza are working to finalize this and train staff on Kiva protocol. Not being a recognized MFI has limited our ability to post Haiti loans. BUT, I can say that starting in April (and beyond) we will begin to regularly post Haiti Esperanza loans. Instead of rushing this process, we (Esperanza and Kiva) are making sure that when the launch of the Cape Haitian MFI happens they are independent and sustainable. So we thank you for your excitement to see Haitian loans!

On that note: what many lenders don’t know is that…

Until there is a recognized MFI in Haiti, Kiva lenders need look no further than the Dominican Republic to support Haitians! The majority of Esperanza’s clients are in fact Haitian or of Haitian decent. The civil unrest in Haiti has resulted in millions of Haitians migrating to the Dominican Republic for an opportunity at a better life. So,  if you have some Kiva credit that you have been holding out for a “Haiti” loan look no further than a Dominican Republic Esperanza loan!

Typical micro finance setting.

Typical micro finance bank meeting.

Esperanza loan officer David Mercedes

Esperanza loan officer David Mercedes

We had a visitor during a bank meeting.

We had a visitor during a bank meeting. This lizard caught a cockroach during our bank meeting.

Home in the country side of the Dominican Republic

Home in the country side of the Dominican Republic

Entry filed under: Dominican Republic, Esperanza International, Haiti, KF6 (Kiva Fellows 6th Class), KF7 (Kiva Fellows 7th Class). Tags: , , , , , , , , , , .

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8 Comments

  • 1. melody  |  10 February 2012 at 00:41

    has this been resolved? the article was written in 2007′

  • 2. Waiting  |  9 July 2010 at 18:11

    Are we any closer to Kiva listing Haiti? (not just DR)

  • 3. George Hancocks  |  26 March 2010 at 20:39

    Dear Ashley
    Your post is the first logical explanation I have read to explain the Kiva situation in Haiti. As a Canadian whose country has a big stake in helping Haiti, I really appreciated the clear explanation, and will now look for loans in the Dominican Republic, as well as for Haiti. Many thanks for your efforts!
    Regards
    George

  • 4. Dave Huber  |  22 November 2009 at 23:24

    Great news, Ashley.
    But why doesn’t Kiva connect with Fonkoze, the largest MFI in Haiti? http://www.fonkoze.org/

  • 5. minolta binoculars  |  16 July 2009 at 15:26

    what would you say that it’s most important: reliability or speed or price?

  • 6. MerrY  |  16 May 2009 at 07:10

    I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.

  • 7. Lezley  |  28 March 2009 at 04:46

    Ashley,

    Thanks for the update Ashley. I hope the progress for the Haitian organization continues smoothly.

    Lezley

  • 8. Ronan  |  23 March 2009 at 16:07

    Ashley,

    Thanks for the news on the future partnership with Esperanza Haiti.

    I did notice that some of the current Esperanza loans are to Haitians who have emigrated to the DR. I’ll continue to be on the lookout for those.

    Regards,
    Ronan


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