Posted on February 9, 2010 - by James
CGAP: Haiti’s Path to Recovery…
CGAP: On January 12, 2010, a catastrophic 7.0 magnitude earthquake struck Haiti, causing immense destruction in the densely populated capital of Port-au-Prince and nearby areas. This natural disaster killed over 200,000 people and uprooted the lives of millions, bringing unspeakable personal losses to the population of an already poor country.
Three weeks after the earthquake, some of Haiti’s largest MFIs including Fonkoze, Sogesol and ACME had accounted for staff, but were still searching for many of their clients. MFI staff lost relatives and friends, taking a heavy emotional toll. Large and small microfinance operations faced serious physical destruction. Fonkoze’s headquarters and six of its branches were damaged beyond repair. One hundred and forty-five Fonkoze employees lost their homes, and another 121 have homes in need of repairs. Though the task ahead is daunting, MFIs are committed to staying the course and helping clients rebuild their lives. International microfinance organizations have begun fundraising campaigns to support their Haitian partners.
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