{"id":43218,"date":"2022-08-22T00:19:02","date_gmt":"2022-08-22T04:19:02","guid":{"rendered":"https:\/\/staging21.finca.org\/uncategorized-en-ca\/empowering-entrepreneurs-with-financial-education-in-haiti"},"modified":"2024-11-04T02:06:12","modified_gmt":"2024-11-04T07:06:12","slug":"empowering-entrepreneurs-with-financial-education-in-haiti","status":"publish","type":"post","link":"https:\/\/finca.org\/en-ca\/empowering-entrepreneurs-with-financial-education-in-haiti","title":{"rendered":"Empowering Entrepreneurs with Financial Education\u00a0in Haiti"},"content":{"rendered":"\n

FINCA recently delivered a financial education masterclass to 60 micro-entrepreneurs\u00a0<\/a>living and working in Haiti\u2019s most difficult communities. Attendees received a certificate of course completion, strengthened business knowledge, and renewed confidence. The COVID-19 pandemic brought huge concerns and revenue losses for small business owners in metropolitan Port-au-Prince. But, the big challenge for these seasoned entrepreneurs is the ongoing gang activities in their local community of Cit\u00e9-Soleil, long considered a \u201cred zone\u201d community.<\/p>\n\n\n\n

Learning the Basics of Finance<\/h2>\n\n\n\n

In this time of increased crisis and recession in the Haitian economy, understanding the basics of finance and entrepreneurship can make the difference between success and failure. Participants learned financial concepts, budgeting, and good business practices during the intensive three-day training. They aim to use the knowledge to keep their enterprises running and their family expenses under control. The training also included topics and exercises around goal setting, savings, and debt management. It concluded with an interactive session on business planning. Participants were divided into four groups to pitch different types of business plans\u2013production, trade, service, and technology innovation.<\/p>\n\n\n\n

Feeling Empowered and Confident<\/h2>\n\n\n\n

Participants like Rose Daylalle Sylvestre and Jonise Dorestant expressed gratitude for the sessions, which they found very practical and informative. Another enthusiastic participant, Yvrose Napaul, left the course feeling more confident with her newly acquired skills. She felt ready to make sound financial decisions that would positively impact her family\u2019s quality of life. FINCA’s training was a resounding success as the participants improved their average test score from 5 pre-training to 8 (on a 10-point scale) at conclusion.<\/p>\n\n\n\n

FINCA Haiti<\/a>\u00a0has been intensifying its financial education efforts for the past three years to support entrepreneurs who often do not have a formal education and\/or access to finance and business courses. To expand the reach and impact of their training, FINCA Haiti is partnering with other international NGOs, like\u00a0Concern Worldwide<\/a>, who introduced this latest group of trainees.<\/p>\n\n\n\n

This financial literacy training was made possible with support from the Government of Canada.<\/p>\n","protected":false},"excerpt":{"rendered":"

Micro-entrepreneurs in Haiti feel empowered and confident after receiving financial education and business training from FINCA.<\/p>\n","protected":false},"author":374,"featured_media":43219,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[151],"tags":[95],"class_list":["post-43218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en-ca","tag-financial-inclusion-en-ca"],"acf":[],"yoast_head":"\nEmpowering Entrepreneurs with Financial Education\u00a0in Haiti | FINCA<\/title>\n<meta name=\"description\" content=\"Micro-entrepreneurs in Haiti feel empowered and confident after receiving financial education and business training from FINCA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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