SOCIAL MICROFINANCE

Financial and socioeconomic services for the poorest entrepreneurs

BACKGROUND MISSION France

11 millionMyanmar inhabitants ■ Vietnam Haiti th Philippines Senegal Burkina Faso ■ 166 country out of 189 on the HDI* ranking Guinea To g o Sierra Leone Cambodia Ghana ■ 2,5M below the extreme poverty threshold *Human Development Index Source: http://hdr.undp.org/en/countries/profiles/BFA

Entrepreneurship, a precious lever Encourage and support the poorest against extreme poverty entrepreneurs Haiti, a country regularly shaken by both Since 2003, Entrepreneurs du Monde HAITI climatic and political typhoons, struggles supports Palmis Mikwofinans Sosyal

Cabaret Dominican Rep. to structure and develop its economy. (PMS), a microfinance institution with Croix Port-au-Prince Formal employment is scarce. In order a strong social purpose, which offers des bouquets to survive, those who are poor but basic services (loan, saving, training, Léogâne Les Cayes Petit-Goâve resourceful and tenacious would start social support) to micro-entrepreneurs, their own fruit stand, sewing workshop in order to help them develop their or street restaurant up with next to income activity and help them get out of nothing. extreme poverty, on all fronts. ODD GOALS However, they sorely lack training and capital in order to make it grow, consol- idate it and turn it into a strong lever against poverty. METHODOLOGY SUPPORT

Wilmène ESTREMISE Our daily needs are met and my son can study! Full support Structuration and sustainability The team, divided between different Entrepreneurs du Monde structures and I spent less than local branches, provides vulnerable supports PMS on all levels (legal, finance, 3 years in school and became a domestic when I was 12. I left for entrepreneurs with: methodology, human and financial the capital when I was 20 years old and became • a personal savings account ressources, administration, management, a cashier at a school cafeteria. When I was 24 • loans to develop their income-gener- reporting, etc.) years old, I used my savings to start a soap ating activity (average amount: €155) In 2019, PMS reached a 79% opera- and second hand clothing selling business, but I and to buy a solar lightning kit and / or a tional sustainability and became and lost everything in the earthquake of 2010. My modern and economical cooking stove LLC. In order to comply fully with this husband, our son and I, we’ve lived in a tent, but • trainings: in sales and accounting, as new status, PMS still has certain tax and we overcame it. Today, I sell food supplies. With well as in health education, child and accounting obligations (equity valuation, PMS, we benefit from trainings and the facilitator women’s protection, etc. payment of shares, transfer of titles…). explains things in a simple way, with maps, posters, • social support to tackle occasional diffi- It also established an Executive Board and drawings. I increased my turnover seven- culties (health, schooling, family issues, composed of Haitian volunteers and fold ! Our daily needs are met ; we could afford a etc.) of one legal entity: Entrepreneurs du concrete slab in the house and my son can study ! Monde. • Published on September 4, 2020 incubated within theFrench NGO. social microfinance up and institutions started courses andfrom success storieswithinother running andtolearnfrom practical training and Agronomist, in order to quickly get up and Entrepreneurs duMonde’s Training Advisor technician, by whowillbesupported to farmers, PMSisgoing torecruit afarm To increase andacceleratethissupport the soil, etc. rotation of plantations, moisture retention in enhancement basedontheassociation or the agro-ecology techniques: nurseries onstilts, soil farming trainingmodules, basedonlow-cost team istherefore planningondeveloping new are also in high demand among farmers. The On topofagriculturalloans, thetrainings Farming trainings million gourdes (€34,295)asoftoday. the agriculturalcredit amountsto 4,3 portfolio a year, 316farmersbenefitedfrom aloanand to Petit-Goâve andLéogane. Inthespanof Mirebalais. In 2019, these loans were extended deployed to the branches in Hinche and adapted tocrop cycles, whichwasfirst In 2018, PMS conceived an agricultural loan, Loans adapted to agricultural cycles better meettheruralpopulation’s needs. reduction, to PMShastailored itsservices contribute tofood safety andruralexodus To thefarmersand, support indoingso, FARMERS AN INCREASED AND BETTER SUPPORT FOR ZOOM 

 WHOMEN 85%

PARTNERS OUTLOOK HIGHLIGHTS KEY FIGURES 2 1 impact assessment. conducting asatisfactionsurvey andan data migrationtowards anew GIS, projects: restructuring ofsocialservices, andambitious is planningnecessary politicalstability,a certain theteam the endofyear, andhopingfor of economicandsocialactivitiesby 2020-2023. Counting ontheresumption business planandabudgetfor the PMS team established an Annual of Entrepreneurs duMonde’s advisors, At theendof2019, withthesupport A solid strategy child protection, genderequity, etc. istration andtoawareness-programs in to savings, totrainings inbusinessadmin ating activity. It gave them access to loans, development of a new income-gener 774 women inthecreation andthe or keep their children, PMS supported are likely todoit). To helpthemtake back orwho children asdomesticservants (families who were forced to place their public anttoaparticular the country) (Les Cayes region, intheSouth West of the priority to a landlocked region with ACTED andtheUNICEF. Itgave ofapartnership ninth branchaspart In early February, theteamopeneda A branch in a landlocked location on 31/12 over 1 year Objectives 2020 CONTACTS 2019 > Head of Social Microfinance Programme > Haiti coordinator > Programme manager [email protected] [email protected] [email protected] entrepreneurs No. ofmicro- supported 18,000 15,981

1

21,000 19,222 granted Loans

1 Average loan amount € €155 190 190 - - 1 The situation started calming down in The situationstarted of theoperationalsustainability. decrease ofthereimbursement rateand to PMS: increase ofriskportfolio, These blockages caused serious damage (2 weeks) andinSeptember(2months). a halt of all activities in March and June politicaltensionsledto Country-wide Perturbations and downturns on alllevels. extreme poverty and towards autonomy fosters theirwayThis fullsupport outof reported improvement.reported understand how they contributetothe tative approaches willhelptheteamfully A combinationofqualitative andquanti living conditionsandontheirautonomy. ontheir of theimpactservice understanding ofthetarget’s profile and assessment willgive totheteamabetter of entrepreneurs. Moreover, an impact conducted in2020amongalargepanel services, asatisfactionsurvey willbe the adaptation ofPMS’products and In order toevaluate thequalityand and impact assessment Satisfaction survey normally andthenaccelerated. November and the activities resumed Outstanding K€ K€ 1,3 loans 1,5 1,5 ON THE WEB 2 > > >

Témoignages PALMIS MIKWOFINANS SOSYAL www.entrepreneursdumonde.org €434, 976 €500 000 Accumulated savings 2

Operationally sustainable PLUS D’INFOS 90% 79% 2 employees No. of 105 93 2 -