What has Plant With Purpose Haiti Accomplished This Year?
Written by Plant With Purpose on September 11, 2012 in General
2012 is rushing into Fall, and at Plant With Purpose we’re taking a moment to survey the landscape of accomplishments since January. It is a pleasant view. This year, Village Savings and Loan Associations (VSLA) have been a major focus. Pilot programs are being launched, training is taking place, saving cycles completed, new groups started—all meaning more money saved and loaned within communities.
These groups are the economic pillars in Plant With Purpose’s holistic transformation model. VSLAs are a primary tool that sustainably creates financial security and opportunity for the rural poor. It has been exciting to track the financial progress!
Here is a look at this year’s accomplishments and the growth of VSLAs in Haiti!
Plant With Purpose Haiti has launched its Village Savings and Loan Associations (VSLA) pilot program in Haiti this March. It is currently planned to be a 1.5-year long pilot program, eventually expanding to additional groups. These savings groups receive no external infusion of capital. Instead, through savings groups, members pool their own savings and take loans from the fund for investing in farms, paying children’s school fees, and covering emergency expenses. This approach to microfinance encourages transparency within groups, which results in more stable and sustainable groups. Since the beginning of the pilot project, 9 savings groups have formed, each with 20 to 30 members. More groups will form as the pilot program progresses.
Since January 2012, Plant With Purpose Haiti has also accomplished the following:
• 45 new agroforestry plots established to promote sustainable agriculture practices and increase food production.
• 250 clean-water systems installed to reduce incidences of waterborne illnesses within communities.
• 10 conferences facilitated on environmental restoration to teach communities of the importance of activities like reforestation and soil-erosion barriers.
• More than 100,700 trees planted to restore barren hillsides, reverse soil erosion, and protect farmlands