Where we work :: Seachange Foundation

Learn More

>	Muhammad Yunus wins Nobel Peace Prize for his inspirational work with ‘microcredit’
>	World leaders in ‘Microcredit’ www.grameenfoundation.org www.grameen-info.org www.fonkoze.org www.brac.net www.microcreditsummit.org
>	Projects currently being funded by Sea Change
>	What is Microcredit?
>	View Sea Change Gallery..
>	How you can help?

Where we work

Sea Change is presently funding and working with microfinance partners in Haiti, Kenya, and Thailand.

Haiti is the poorest country in the Western Hemisphere and suffers from a history of political instability, poor health care and high levels of illiteracy and unemployment.

Approximately 15 percent of the estimated demand for microfinance is currently being met, where over 5.4 million people [65 percent] live below the national poverty line.

Here Sea Change partners with Fonkoze, Haiti’s Alternative Bank for the Organised Poor, and is the countries largest microfinance institution. It offers a full range of financial and non-financial services to the poor, primarily the rural poor, through its 32 branches throughout the country. Its mission is to build an economic foundation for democracy.

Founded in 1994,Fonkoze is owned an operated by its members. Its innovative remittance program that allows Haitians living abroad to safely, affordably and conveniently send money home was honoured by CGAP’s Pro-Poor Innovation Award in 2003.

Fonkoze currently has almost 110,000 depositors and more than 45,000 active borrowers. The services offered to the poor by Fonkoze include group and individual loans that are used to start or expand a small business, savings products, money transfer services, and literacy and business skills training.