Fonkoze Releases Annual Report
Fonkoze, Haiti's most successful micro-lending institution, has released its annual report. After a year of growth in 2009, the earthquake was a major blow to its operations. Ten Fonkoze branches were severely damaged or destroyed. Four hundred and fifty staff lost their homes and over 19,000 clients lost homes and/or businesses. Fonkoze responded by expanding support to earthquake affected clients, including the use of micro-insurance as a tool to help rebuild their livelihoods. Attached is both the annual report and an impact analysis. Below is a summary of their 2009 and 2010 activities.