Microcredit Program

A small village banking program in St. Marc provides a mechanism for women to lend and borrow from a fund they built with Rayjon’s help. The repayment rate is well over 90% among the lenders and borrowers in the program. The program is about empowering women and helping them increase their self-esteem, financial situation, and ability to provide for their families.

The microfinance beneficiaries come mainly from the rural communities surrounding the city of St. Marc. The unemployment rate is high and there are few opportunities, especially for women. Being able to access funds to start-up a small business (often selling goods in the marketplace) can be just the boost these women and their families need.

microcredit2

However, there is a need to expand and better support this program to enable more women to access microfinance loans and to integrate other training (including literacy, financial literacy, business  and management skills). Rayjon is exploring partnerships that will allow us to focus future energy on economic development and women’s microcredit programming,  especially as includes these other trainings that have proven effective in helping beneficiaries increase their capacity to support themselves, improve farming outcomes and participate in the local market economy.

Women’s Federation leaders from 4 zones

Grassroots “Women’s Federation” groups are active in 7 distinct villages in the region, and Rayjon seeks to partner with them to focus future energy on economic development and women’s microcredit programming,  especially as includes these other trainings that have proven effective in helping beneficiaries increase their capacity to support themselves, improve farming outcomes and participate in the local market economy.

Women’s Federation members make their voices heard, 2017