FRICS: Rural Solidarity Investment and Credit Fund - A Tool to Finance and Develop Rural Haiti
- KNFP proposes FRICS as a rural solidarity investment and credit fund after the 12 January 2010 earthquake.
- The proposal links post-earthquake rural migration pressure to the need for medium- and long-term investment in national agricultural production.
- It argues that rural poverty is tied to lack of investment funds, operating capital, market channels and support for agricultural and processing enterprises.
- FRICS is designed as both a financing mechanism and a rural development promoter, combining credit, accompaniment, training and enterprise support.
- The proposed fund would finance rural private or collective enterprises, investment credit, working capital and rural entrepreneur houses.
- The document emphasizes patient capital, interest-rate compatibility with business profitability, risk sharing, guarantees, local FRICS agencies and transparent effective credit costs.
Issued by the Konsèy Nasyonal Finansman Popilè, Haiti's national popular-finance council, this document sets out the case for a Rural Solidarity Investment and Credit Fund as, in its own words, a post-earthquake urgency. The version held is version 6 as modified on 7 December 2010, eleven months after the January quake. Its framing quotes the government's own March 2010 agricultural sector investment plan: that the new reality created by the 12 January catastrophe requires a medium- to long-term program whose actions work toward a significant and durable increase in national agricultural production, consistent with national agricultural development policy. It is the rural-finance counterpart to the reconstruction planning of that year, and comes from a Haitian popular-finance network rather than a donor or ministry, which makes it one of the few documents in this collection written from that position.
How to cite
Konsèy Nasyonal Finansman Popilè (KNFP), 2010, FRICS: Rural Solidarity Investment and Credit Fund - A Tool to Finance and Develop Rural Haiti, https://agripubhaiti.org/wp-content/uploads/2025/03/KNFP-Financement-Rural-CADRAGE-2010-12-07-FRICS-V7.pdf