MFI Report

It was in response to the growing economic problems in Haiti that Micro Crédit National S.A. was established in 1999. MCN has developed a diversified range of products tailored to its target groups. The traditional micro loan has been its main focus, and these constitute about 60% of its loans. In an effort to intensify its activities at the very low end of the market, MCN is promoting very small loans ranging from USD 40 to 600. It has also designed a credit product offering amounts of up to USD 25,000, which fills a gap between traditional micro loan providers and traditional banks. MCN’s headquarters are in Port-au-Prince. Several outlets are located in the capital and other cities like Cap-Haïtien, St. Marc, Jacmel, Les Cayes, Croix-des-Bouquets, Petit-Goâve, Port-de-Paix, Gonaïves and Pétion-Ville. The harsh economic and political climate requires especially close monitoring of the portfolio. Hide