Accessible Finance Activity Final Report
Summary — The Accessible Finance Activity, implemented by the World Council of Credit Unions (WOCCU) from January 2017 to November 2020, aimed to expand financial inclusion in Haiti. The activity focused on expanding financial services to rural areas through field officer banking and addressing liquidity challenges faced by microfinance institutions (MFIs) and credit unions.
Key Findings
- Rural Agents expanded credit union membership by 4,215 members, 62% of whom were women.
- Credit union deposits increased by 25,778,199 Gourdes (USD 409,178).
- 1,252 loans were disbursed, worth HTG 25,211,250 (USD 400,179).
- Financial literacy improved for 3,552 participants.
- USD 7.5 million in debt funding was raised for an MFI.
Full Description
The Accessible Finance Activity, implemented by the World Council of Credit Unions (WOCCU) from January 2017 to November 2020, aimed to further financial inclusion in Haiti by piloting innovative and scalable solutions. The activity supported USAID’s strategic objective of creating a foundation for resilience, stability, and inclusive growth, as well as the Haiti Central Bank’s financial inclusion strategy. The project had two main objectives: expanding financial services to rural areas through field officer banking and digital financial services, and sustainably addressing liquidity and capital challenges faced by MFIs and credit unions. These objectives were addressed through field officer banking (Kès Pam Pi Pre’M), leveraging mobile and digital technologies, and addressing liquidity and capital challenges faced by MFIs.