News Information

• NEWS_POSTED_BY: Haiti Place
• NEWS_POSTED_ON: Jan 20, 2017
• Views : 1944
• Likes : 2
• Category : Diaspora News
• Description : ForbesDevin Thorpe , CONTRIBUTORI cover social entrepreneurship and impact investing. Opinions expressed by Forbes Contributors are their own.
• Website : http://www.forbes.com/sites/devinthorpe/2017/01/18/how-this-social-entrepreneur-is-moving-haiti-away-from-aid-toward-trade/#5ec

Overview

• The international development community learned decades ago that when relief organizations bring in donated goods that are distributed for free to people in need, one of the outcomes is often the death of local businesses that provided those goods. Why then are NGOs continuing to employ this model in Haiti, asks author, entrepreneur, investor and professor Daniel Jean-Louis.Jean-Louis is based in Haiti. His firm, Bridge Capital provides small loans to businesses that otherwise don't qualify for loans from Haiti's conservative banking sector. His 100,000 jobs initiative is working across sectors with NGOs, governments and the private sector to create 100,000 jobs by 2020. He reports having helped to create more than 10,000 jobs so far, though he worries Hurricane Matthew may have destroyed some of those jobs when it destroyed so much else in Haiti.Read more here >>