Diaspora Marketplace gives Haitians living abroad opportunity to invest in Haiti’s future
By Jennifer Browning
The United States Agency for International Development [USAID] is partnering with Fondation Sogebank, a philanthropic institution of Haiti’s largest commercial bank, to establish the Haitian Diaspora Marketplace.
A two-year pilot program, the Haitian Diaspora Marketplace is designed to encourage Haitians living abroad to contribute to Haiti’s economic development through direct investment in productive business activities. The program encourages the creation and growth of small businesses in key sectors, such agriculture, tourism, and information and communication technology.
Diaspora entrepreneurs will also have access to grant funding through the Haitian Diaspora Marketplace and will have the opportunity to receive technical assistance to the businesses. The implementation phase of the grants will include USAID contributions ranging from $50,000 to $100,000 with a 2 to 1 minimum cost-sharing requirement.
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