This loan is part of PMS effort to introduce microfinance to vulnerable and riskier populations and provide them much-needed working capital. This loan type is characterized by small loan amounts, requires no guarantees and benefits from an interest rate reduction. By supporting this loan you’re enabling previously unbanked entrepreneurs in Haiti to progressively grow their businesses and graduate to other financial products PMS offers.
About Palmis Mikwofinans Sosyal:
Palmis Mikwofinans Sosyal, S.A. provides financial and social services to low-income urban entrepreneurs in Haiti through various types of loans. Haiti is the poorest country in the Americas and is also a challenging environment to operate in because of the high rate of natural disasters, including the devastating 2010 earthquake.
By offering a range of loans, Palmis Mikwofinans Sosyal, S.A. allows borrowers to graduate to larger loan sizes while they continuously benefit from a comprehensive package of non-financial, social services.