HA-M1033 : Haitian Emergency Liquidity Program (HELP)

The program will help microentrepreneurs and low income borrowers affected by the earthquake, by providing structured support to the microfinance institutions (MFIs) that serve them. The program will provide contingent recovery financing to temporarily acquire earthquake-related portfolio in arrears from eligible MFIs. This will allow beneficiary MFIs to re-establish their operations; refinance/restructure loans affected by the earthquake providing improved financing terms to its affected borrowers; free-up their capital, and access liquidity to continue borrowing and lending. There will be recourse of the Program to the MFIs at a pre-defined threshold.