|[December 12, 2012]
Clinton Bush Haiti Fund Co-Chairs Visit Small Businesses in Haiti
WASHINGTON --(Business Wire)--
Today, Clinton Bush Haiti Fund co-chairs arrive in Haiti to meet with
several of the small businesses and workforce development programs the
Fund has supported. Co-chairs Joshua Bolten, former Chief of Staff to
President George W. Bush, and Laura Graham, Chief of Staff to President
Bill Clinton, are taking this opportunity to visit as the Fund prepares
to commit its remaining funds in 2012. Once it does so, the Fund will
step back, empowering Haiti to chart its own successful future.
"By providing training, increasing access to financing, and improving
the livelihoods of individual Haitians across the country, we are
reaching the people-from doctors to small business owners to farmers-who
are building a stronger Haiti," Gary Edson, CEO of the Clinton Bush
Haiti Fund, said. "Importantly, the results we see from projects we have
funded are just the beginning: we look forward to seeing their progress
in the years to come."
As part of the co-chairs' visit, they are attending the opening of the
Royal Oasis Hotel in Port-au-Prince, which the Fund helped finance.
During its construction phase, the hotel supported more than 400
construction jobs. Going forward, the hotel will employ close to 200
staff, and will support even more indirect jobs, ranging from restaurant
suppliers to local artisans.
On Thursday, the co-chairs will visit the Haiti Hospitality School,
which is preparing students with professional training for hospitality
jobs throughout the country. The Oasis Hotel's philanthropic arm
reopened the school with a grant from the Fund.
Thursday's visits will highlight the Fund's commitment to small and
growing businesses. The co-chairs will meet with the Haitian
entrepreneurs who started the office supply store Global Home and Office
Smart and whose retail outlet was rebuilt with a loan from the Fund.
They will also visit fund grantee GaMa's KayTek factory, which is
producing steel framing for construction. GaMa recently completed
reconstrucion on the historic Sacre Coeur secondary school in
Port-au-Prince. Nearly 1,000 students attend the school.
As the Clinton Bush Haiti Fund continues to spend down its remaining
funds, it today announced more than $2.5 million in new grants to
programs that are working toward a healthier, more resilient future for
J/P Haitian Relief Organization
The Fund granted $1.35 million to the J/P Haitian Relief Organization
(J/P HRO) to retrofit multi-family homes around the Delmas 32
neighborhood of Port-au-Prince. Through the project, J/P HRO is training
local construction workers to fix existing damage to homes, while also
reinforcing the structures against future seismic and hurricane
disasters. The project plans to return 280 families-more than 1,300
people-into homes in the revitalized neighborhood, helping address the
still-urgent need for safe, permanent housing after the earthquake. For
more information about J/P HRO visit www.jphro.org.
The HAND/EYE Fund
The Fund granted $334,335 to the HAND/EYE Fund in support of the Artisan
Business Network (ABN) in preparation for a long-term artisan project by
the Multilateral Investment Fund (MIF) of the Inter-American Development
Bank. The ABN was created to help meet the supply and demand of Haitian
artisan products among U.S. retailers. It established two depots to
store and display products, as well as one hub in Port-au-Prince to
secure purchase orders.
The Fund made its first grant to HAND/EYE in 2011 to launch the ABN.
Now, the MIF plans to use the ABN as a model for a multi-year project to
improve the artisan sector's capacity and help it respond to global
Grameen Creative Lab
The Fund granted $217,688 to Grameen Creative Lab to on-lend to SESA, a
Haitian social business that is turning jatropha plant into products
such as oil and animal feed. These products will provide a substitute
for expensive imported diesel fuel and soy meal. Area farmers cultivate
the fruit of the small plant and bring it to SESA's newly funded
processing facility, turning it into three products: biofuel oil,
protein meal, and cooking briquettes. With this financing, SESA will
create 16 jobs and increase revenues for up to 200 local farmers.
Sustainable Organic Integrated Livelihoods
A $616,245 grant to Sustainable Organic Integrated Livelihoods (SOIL) is
promoting sanitation at the household level in the northern city of
Cap-Haitien. With this grant, SOIL will install and manage 300 toilets
that make it possible to transform human waste into valuable fertilizer.
As part of a fee-based model, SOIL installs toilets, and then transports
waste weekly to its waste-treatment site.
About the Clinton Bush Haiti Fund
The Clinton Bush Haiti Fund is a 501(c)(3) nonprofit organization
founded after Haiti's January 12, 2010 earthquake, when President Barack
Obama asked former Presidents Bill Clinton and George W. Bush to assist
the Haitian people in building their own country back better. The Fund
used these donations to make grants, loans, and equity investments in
organizations promoting job growth and smart, sustainable economic
development. Now, having served as a bridge from post-disaster relief to
longer-term reconstruction, the Fund is stepping back, empowering Haiti
to chart its own successful future. To learn more visit www.ClintonBushHaitiFund.org.
[ Back To Financial Technology's Homepage ]