Fonkoze

Fonkoze is Haiti's largest microfinance institution serving the poor (primarily rural women) in Haiti, with 44 branches located throughout the country.[1]

Fonkoze
Founded1994
FounderFr. Joseph Phillipe and Anne H. Hastings
TypeDomestic: 501(c)(3), Haitian Non-profit, Haitian Bank
FocusPoverty
Location
Area served
Haiti
MethodMicrofinance
Revenue (2016)
$2,784,685[2]
Expenses (2016)$2,841,131[2]
Websitewww.fonkoze.org

The name Fonkoze is an acronym for the Haitian Creole phrase "Fondasyon Kole Zepòl"[3] meaning "Shoulder-to-Shoulder Foundation." Its Goal is to aid Haitians with financial and development services to lift themselves out of poverty. Fonkoze's development programs include Adult Education, Ultra-Poverty Alleviation and Boutik Sante, a health program designed to create a new business opportunity for Fonkoze's existing clients while also providing much-needed health products, services and education to rural communities throughout the country. Fonkoze is a family of three organisations working together to achieve its mission:[4]

  1. Fonkoze Foundation: a Haitian non-profit which provides development services[5] such as health education,[6] literacy and business skills[7] training to Fonkoze's microfinance clients and to ultra-poor families.
  2. Fonkoze Financial Services: a Haitian microfinance company[8] with a double bottom line: to lift families and communities out of poverty while operating in a financially self‐sustaining manner.
  3. Fonkoze USA, a 501(c)(3) non-profit which provides technical, communications and fundraising support in the US for its Haitian partners.
  1. ^ Mabus, Kate. "'I got a soft spot for Haiti': Cardi B shares her support for Haiti after tragic earthquake". USA TODAY. Retrieved 2022-10-18.
  2. ^ a b "Fonkoze USA Inc" (PDF). Foundation Center. Retrieved 6 February 2018.
  3. ^ Prince, Cathryn J. "In impoverished Haiti, a Jewish prof advocates for a hand up, not a handout". www.timesofisrael.com. Retrieved 2022-10-18.
  4. ^ "Fonkoze - Who We Are". fonkoze.org. Retrieved 2019-03-21.
  5. ^ "Fonkoze - comprehensive approach to alleviating poverty in Haiti- FONKOZE". fonkoze.org. Retrieved 2019-03-21.
  6. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  7. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  8. ^ "Financial Inclusion for Rural Haitians- FONKOZE". fonkoze.org. Retrieved 2019-03-21.