Nobel peace laureate and founder of the Grameen Bank Mohammad Yunus announced on Saturday that his development group will finance several social business projects in Haiti. These include two poultry farms, a plantation of jatropha plants (which can be used for biodiesel), a bakery, and a tilapia fish farm. The full announcement follows.
One must be entrepeneurial to survive on less than a dollar a day. A wide variety of organizations throughout the world are using microfinance, the provision of small loans, to tap this entrepeneurial spirit and help rural women improve their livelihoods. Pioneered by the Grameen Bank in Bangladesh, this pro poor model has been proven effective again and again in India, Rwanda, Haiti, and elsewhere. The number of organizations offering micro-credit in Haiti has grown considerably but there is still a need for expansion.
