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Improving remittance services and promoting investments in Haiti
Fonkoze has been working to improve the access and the use of remittances in the rural areas of Haiti and propose to pilot new remittance services that bring a direct benefit to the consumers, both sender and beneficiary. For that, it has entered into a partnership with City National Bank of New Jersey for deployment of a Visa Prepaid/Payroll Card that facilitates the Diaspora's ability to send funds to the rural areas of Haiti by using card-based technology. This technology lowers the fees, increases security and simplifies the process of sending remittances, thereby enabling increased investment in the rural economies of Haiti. The projects will achieve this goal through financial education, and distribution of a low cost financial product for Haitian clients within the United States, the Visa Prepaid/Payroll Card.

Project Detail

Country

Haiti

Project Number

HA-M1020

Approval Date

September 18, 2009

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

PRIVATE FIRMS AND SME DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 650,100.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 650,100.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-11795-HA Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-11795-HA
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1378937500-8
MIF_ Project Status Report ATN_ME-11795-HA [38168499].PDF
Published Oct. 15, 2013
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https://www.iadb.org/document.cfm?id=EZSHARE-1213235699-233
MIF_ Project Status Report ATN_ME-11795-HA [37569604].PDF
Published Mar. 08, 2013
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https://www.iadb.org/document.cfm?id=EZSHARE-1213235699-170
MIF_ Project Status Report ATN_ME-11795-HA [37067379].PDF
Published Sep. 04, 2012
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https://www.iadb.org/document.cfm?id=EZSHARE-1213235699-162
MIF_ Project Status Report ATN_ME-11795-HA [37033543].PDF
Published Sep. 04, 2012
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https://www.iadb.org/document.cfm?id=EZSHARE-1213235699-109
MIF_ Project Status Report ATN_ME-11795-HA [36459995].PDF
Published Oct. 11, 2011
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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1213235699-306
Sustainability workshop [38166755].DOCX
Published Oct. 14, 2013
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https://www.iadb.org/document.cfm?id=EZSHARE-1213235699-307
Sustainability workshop [38166761].DOCX
Published Oct. 14, 2013
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https://www.iadb.org/document.cfm?id=EZSHARE-1213235699-309
Intermediate Evaluation Report [38166845].PDF
Published Oct. 14, 2013
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Closed Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1213235699-308
Final Evaluation Report [38166829].PDF
Published Oct. 14, 2013
Download

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