Thirty-two year old Rose was barely surviving on the return from her small merchandise stand, located in the central marketplace in Haiti. Selling a wide variety of products ranging from toiletries to fruit, she worked diligently but failed to generate enough revenue and profit to send her children to school.
Rose received her first loan from Fonkoze, the microlending institution in Haiti. The initial loan provided her the capital she needed to increase her inventory and source a wider variety of products – improving her revenue stream and her profitability. Like most mothers who receive microloans, Rose’s first profits provided her the ability to send her children to school.
In addition to investing in her own family, Rose now invests in her community. Evangelizing the benefits of microfinance through Fonkoze, Rose now encourages and mentors other women in their fight against poverty.