Haiti Microfinance Update

Published in on December 16, 2020.
One of the projects Resurrection has partnered on with Heart to Heart Intl– Haiti (HHI-H) is MUSO (Mutual Solidarity).  It is a program that brings people together to save and loan each other money.  The interest they pay (2%) goes back into the group to help each other during emergencies as well as work on […]
Resurrection Staff
Resurrection Staff

One of the projects Resurrection has partnered on with Heart to Heart Intl– Haiti (HHI-H) is MUSO (Mutual Solidarity).  It is a program that brings people together to save and loan each other money.  The interest they pay (2%) goes back into the group to help each other during emergencies as well as work on community projects. 

Through training, they learn to save money and budget.  Resurrection funds the training and supplies to start the program, HHI-H coordinates the logistics, leads the training, continues mentorship for several years, and does group follow-up.  They recently interviewed some of the benefactors that have been involved in the program over the last several years.  These are years filled with lockdowns from political upheaval, then COVID.  We have a picture and story from Jeanne who is a member of the Moliere (outside Petit-Goave) MUSO group.  They have named themselves Confiance (Trust).

I would like to thank the management team of the Molière Federation (local community leaders from a rural community outside of Petit-Goave) and that of MUSO Confiance for having developed Mutual Solidarity in Molière and neighboring communities.

Thanks to the loan granted by MUSO trust with an interest rate of 2% capitalized monthly, I created a small business which specializes in the sale of food products, cosmetics, kitchen and cleaning items. In addition, the loans I received allowed me to develop agricultural activities. These include: the production of beans and yams. With the harvests drawn in the different productions, I made the repayments at the appropriate time. I have paid the debit interest as entered into my contract of service. 30% of the crops are consumed by the family and the 70% are sold to the nearest markets at an affordable price.

Despite the consequences of climate change which caused drought during the spring and summer seasons, in the midst of covid19, I have repaid my loans despite all the overwhelming situations. In addition, in the absence of any pressure to repay the loan, I have paid for my children's regular schooling and they are enjoying a better food ration. With the help of this funding obtained from the MUSO group of Molière, I now have something to live on.

One of the innovative aspects of this experience is that part of the refunded amount has always been deposited into my account as interest credit. For all this, I first thank Almighty God for this noble activity, Heart to Heart international-Haiti and the donor, Church of the Resurrection for all the donations given to the community of Molière to start MUSO.

Jeanne at her store
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