1. Incubating & Scaling Business Solutions to Poverty Issues VSLA: An Effective Means of Promoting Social Enterprise

2. What is a VSLA?  The Village Saving and Loan Association is a groups of 20-30 self-selected participants who make regular savings contributions by purchasing shares to a loan fund from which any of the members can borrow and pay back with interest  The growth of the fund permits group members to acquire assets which build economic stability at the household level

3. Why VSLA?  Groups are low-cost, simple to manage and can be seen as a first step for people to reach a more formal and wider array of financial services.  VSLAs can dramatically raise the self-respect of individual members and help to build up social capital within communities, particularly among women who represent approximately 70 percent of member December 24, 2015 2

4. What is Social Enterprise? December 24, 2015 3 Social Enterprise Ventures that advance their primary social mission using business models and approaches Social Enterprise Ventures that advance their primary social mission using business models and approaches Market-based programming Development projects achieving social impact via engagement of the poor as resilient and creative entrepreneurs as well as value-demanding consumers Market-based programming Development projects achieving social impact via engagement of the poor as resilient and creative entrepreneurs as well as value-demanding consumers

5. Why Social Enterprise? December 24, 2015 4 Harness market-based mechanisms for program impact, sustainability & scalability; Explore new models of operation and of financing, especially in countries with diminishing aid assistance and increasing private sector presence; Adopt a more entrepreneurial approach: encourage innovation, replication & scale; incubate real game-changers.

6. Establish collaborative linkages for mature VSLAs with formal financial services and Market engagement. Advocate reducing barriers to financial access. Identify financial sector policies and procedures that meaningfully increase women and youth’s access to formal financial services. WOMEN’S EMPOWERMENT Scale up Village Savings and Loan Association s effectively and efficiently through Implementati on Partners Organization s (IPO). Social Enterprise Explore new models of operation and of financing, especially in countries with diminishing aid assistance and increasing private sector presence; Social Enterprise Explore new models of operation and of financing, especially in countries with diminishing aid assistance and increasing private sector presence; CARE HAITI VSLA & Eco Dev Strategic Plan

7. Summary Statistics for VSLA Groups in Haiti 385 VSLAs formed with 10,878 members of whom 77% are women Savings mobilized equals 462,886 USD Outstanding loan portfolio totals 437,150 USD Portfolio at risk is 0.4% Loan utilization rate is 73% Data from MIS, September 2013

8. CARE Enterprises’ mandate December 24, 2015 7 1.To support the incubation of enterprise-based solutions to poverty issues, their evolution to self- sustainable entities, their growth and long-term success; 2.To attract social investments from foundations, corporations and investment funds in the form of equity or debt investments to fuel the growth of CARE’s enterprises.

9. How does CARE develop social enterprises in Haiti? Since 2009, CARE Haiti has successfully formed and supported 385 Village Savings and Loans Associations (VSLAs) made up of 10, 878 participants. Our plan is to expand this experience to 10,000 VSLAs creating a network of 300,000 micro- entrepreneurs across the country. Through CARE’s VSLA approach, the village groups quickly increase the level of their investment capital and form stronger micro-entrepreneurs. The network of these micro-entrepreneurs constitutes a strong platform for a large range of social enterprises. CARE Haiti incubates a portfolio of social enterprises and set up a social investment fund to support the growth and quality of these social enterprises December 24, 2015 8

10. Pathway for evolution Phase III Phase IV Phase II Phase I Assessment & roadmap Business proposal design Transition Spin-off Social Enterprise Project / Idea Phase V Spin-off the entity; Bring in co- investors; Manage venture ensuring long term results. Funding mechanism Key phases Grants Venture capital Mainstream social enterprises as part of project design; Work at an early stage with potential partners & investors. Key activities Assess potential ventures; Develop a roadmap for evolution; Engage donors; Provide technical assistance.

11. CARE backed Social Enterprises in Haiti 1.Micama Soley: In partnership with Micama Soley, CARE works to strengthen the capacity of existing VSLA members to access financial services and engage in profitable new enterprises, particularly in the area of solar power. 2.LIV : CARE donates seed capital in the form of books to the SMCs who then sell and reinvest profits back into the school / Sustainable school. 3.Cocoa: The Haitian cocoa market presents an example of an emerging opportunity for social enterprise. December 24, 2015 10

12. 11 Together we are powerful Diaspora I have a voice to influence the Haitian and US Governments I have skills to offer my country and the organizations working in Haiti. I have financial resources to contribute to lasting social change through social investment. People in Haiti Haitians have ideas about what they want for their country. Haitians have entrepreneurial spirit. Haitians know the potential and challenges in their communities. CARE and Partners CARE works through community driven development to implement programs addressing poverty and social injustice. CARE builds social enterprise and manages social investment funds. CARE organizes personal investment into scalable long- term programs with shared learning. Partnership / Investments CARE partnership Model

13. For more information please, please contact: 1. Innocent RUTIKANGA| Financial Inclusion & Social Enterprise Coordinator : rinnocent@pap.care.orgrinnocent@pap.care.org 2. Gilda Charles | VSLA & Women’s Empowerment Manager: charlesg@pap.care.org charlesg@pap.care.org 3. Mc Arthur Elisma | Linkages & Enterprise Development Manager : elisma@pap.care.orgelisma@pap.care.org