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Home > About Fonkoze Family > About Our Family > Fonkoze Financial Services

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Fonkoze Financial Services

IMG_9446Fonkoze Financial Services (FFS) is a Haitian commercial microfinance institution that takes profitable branches and well-tested products from Fonkoze and expands them, reaching hundreds of thousands of Haitians, especially those living in the hardest-to-reach rural areas.

Fonkoze is in the process of spinning off its financial services into a high-growth, full service bank with the mission of providing the rural population of Haiti with a full range of financial services designed to generate self-reliance and promote a democratic economy in Haiti. The name of this institution is Bank Fonkoze. S.A. A commercial banking license from the Central Bank is pending. In the interim, Fonkoze Financial Services was incorporated in 2004 and will undertake all of the operations of Bank Fonkoze until a commercial banking license is granted.

Fonkoze Financial Services currently provides the following services:
  • Solidarity group and individual loans that are used to start or expand a small business
  • Business Development Loan program to build viable businesses outside of Port-au-Prince by providing loans that create jobs for business owners or that help farmers export their products
  • Savings products geared towards meeting the needs of the poor
  • Currency exchange services that allow Haitians to change US dollars into Haitian gourdes at a preferential rate
  • Money transfer services that allow Haitians living overseas the opportunity to transfer funds to Haiti at a very low cost

 

 

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