New Microfinance Projects Links Remittances to Haiti Reconstruction

A new microfinance project in Haiti aims to link remittances from the country’s diaspora to reconstruction projects on the ground, Haiti Rewired reports. Zafen.org is based partly on the popular online microfinance lending platform Kiva. It seeks to efficiently connect entrepreneurial Haitians living overseas with development projects in the country. Zafen is a joint initiative of the Inter-American Development Bank, Fonkoze and a Catholic nonprofit. It is expected to formally launch in April.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.