Most of the Haitian economy is informal and based on agriculture, which makes the economy highly vulnerable to climate related shocks. Natural disasters, lack of access to information and modern technology have negatively affected the country’s agricultural activity. Despite these challenges, there are opportunities for economic development and growth. Informal micro, small, and medium-sized enterprises (MSMEs) create up to 80% of new jobs but are limited by lack of access to financing and business advice. Creating a more business-friendly environment will help these businesses to achieve greater prosperity and success.
Since 2010, MEDA has worked in Haiti assisting small businesses and agricultural producers to gain access to financial services and markets. Currently, MEDA is working to provide targeted support for 30,000 MSMEs to become profitable enterprises, become more competitive, and generate more jobs across the country.
“Thanks to the support of the program, I better manage my small business and have another source of income. This opportunity allows me to save money, take care of my son, and help my parents, six brothers and three sisters with whom I live.”