Initiative Développement Microfinance

Mission:

To reduce the vulnerability of families living under precarious conditions through financial and non financial services that are customized and scalable

Réduction de la vulnérabilité des familles vivant en situation de grande précarité par une offre de services financiers et non ... Read more

Background and Main Challenges:

Created in 1998 and supported since 2003 by Entrepreneurs du Monde, ID Microfinance (IDM) helps several thousand micro entrepreneurs from underprivileged areas in Port au Prince, who have no access to bank credit to finance the development of their business activities.
Créée en 1998 et ... Read more

Address:

88 bis Lalue Barrière Plurifarm

Port-au-Prince

Haiti

Phone:

+509 38 85 73 02

Email:

sebastien [dot] simonot [at] entrepreneursdumonde [dot] org

Website:

http://www.entrepreneursdumonde.org/haiti.php

Main Funding Sources:

Grants

Loans

Savings

Products and Services:

Loans

Voluntary Savings

Training and Consulting

Services Provided:

Health

Education

Looking for (Investment Types):

Loans in Local Currency

Capacity-Building Grants

Donations

Guarantees

Loans in EUR

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 1998

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Women	1
Clients living in urban areas	2
+ Development goals (ranked by importance)
Poverty reduction	1
Growth of existing businesses	2
Increased access to financial services	3
+ Poverty targets
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
+ Savings products offered
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:	Tous les produits financiers et non financiers sont destinés aux populations les plus pauvres
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
+ Social responsibility to staff
+ Human resources
+ Basis of staff incentives related to social performance
+ Social responsibility to the environment
+ Poverty measurement tools in use