In the Haitian Northern Department, the SMEs have very limited access to basic resources to allow them to be competitive for example: qualified human resources to provide technical assistance, financial resources, and modern information technologies. They are currently working in an isolated manner and receiving no support from the public sector or other donors who give more attention to SMEs located in the Capital city. Many micro entrepreneurs are leaving the Department to migrate toward Port-au-Prince, Dominican Republic, and The Bahamas to escape poverty. To address this critical problem SOCOOPEC will (i) assessing the SMEs needs and performance; (ii) develop a dedicated training program for each SMEs value chain; (iii) facilitate access to bigger and longer term loans for SMEs that need this type of financing; (iv) create linkages between SMEs of a same value chain; (v) support the development of local expertise to accompany the transformation process to competitive SMEs; and use new information and communication technologies (NTIC) to leverage their competitiveness. The overall objective is to increase the competitiveness of SMEs located in the Northern Department of Haiti. The specific objective is to strengthen the institutional, technical, and managerial capacities of SMEs that make up SOCOOPEC providing access to financial and non-financial business services designed to improve their productivity and competitiveness. It includes three components: Upgrading SMEs capacities to provide better quality and competitive services; and Increasing SMEs competitiveness.
Project Detail
Country
Haiti
Project Number
HA-M1011
Approval Date
December 18, 2007
Project Status
Closed
Project Type
Technical Cooperation
Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Subsector
PRIVATE FIRMS AND SME DEVELOPMENT
Lending Instrument
Multilateral Investment Fund Instrument
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 120,000.00
Country Counterpart Financing
USD 36,000.00
Original Amount Approved
USD 84,000.00