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Haiti: Need for Business Financing Estimated at $2.5 Billion

Haiti: Need for Business Financing Estimated at $2.5 Billion

The International Finance Corporation (IFC) is helping to promote a more inclusive financial system in Haiti to increase access to credit for micro, small and medium enterprises. In partnership with the UK Department for International Development, IFC is supporting the development of the Haitian leasing market and the modernization of its secured transaction system. Close to half of Haiti's micro, small and medium enterprises have credit needs that are not being met by financial institutions, amounting to an estimated loan financing gap of more than US$2.5 billion. The lack of access to finance is one of the most significant constraints to the development of Haiti's private sector.

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