Haitian MSMEs operate in a challenging business environment. Political and climate-related shocks continually disrupt or damage fragile infrastructure, creating challenges for public and private actors to finance and maintain transport, logistics, road systems, communications, and power systems.
Most MSMEs operate in a large informal sector characterized by cash transactions and opportunistic trading relationships. There they face financial constraints, as the cost of credit is high and financial products are often not adapted to MSME cashflow needs.
Business advisory and workforce development services are also difficult to find, not oriented to MSME business needs, and expensive.
Finally, MSMEs experience challenges accessing a trained and skilled labor force due to limited educational opportunities and significant migration of skilled human capital out of Haiti. While the majority of small businesses in Haiti face these or similar challenges, they are disproportionately felt by women and youth.
The USAID ATTEINDRE project envisions an ecosystem where business support services and financial services are equitably distributed throughout the MSME sector and contributing to an equitable and competitive market system. MEDA, in partnership with Haitian financial, public, and private organizations will achieve impact and scale by: