Investing in Entrepreneurs 1

Investing inEntrepreneurs

Creating a Stronger, More Prosperous Haiti

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Table of ContentsAbout LEAD

Investment Corridors Map

Diaspora Entrepreneurs

CASTMID&E Green EnterprisesKreyol Essence Les III RiosMadan BelfwiSAPEN S.A.Sienna Agricultural Holdings Company S.A.SWITCH S.A.SOGEPA

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2

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Other Entrepreneurs

ACODAGRI S.A.Dlo Haiti S.A.ECSSA S.A.Global Recycling S.A.Glory Industries S.A.Le Jourdain AtelierMoulin LanautéPerfection SewingPISA S.A.Surtab S.A.X-Quis Boulangerie

Partners

Enterprise Summaries

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15

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Investing in Entrepreneurs 1

Table of Contents About LEAD

Focus on SMEs

Haiti’s SMEs are essential to the country’s economic development. However, they often have difficulty accessing financing, which limits their ability to grow and thrive. Haiti’s development also depends on effective social enterprises (SEs), that is enterprises which have been created to address a specific social problem within their communities. These SEs also struggle for funding.

Diaspora entrepreneurs and investors have strongly participated in LEAD’s accomplishments. You can read more about our successful entrepreneurs in the next several pages.

To facilitate access to capital LEAD provided matching grants to leverage investment in SMEs and SEs. LEAD also offers technical assistance to help enterprises implement their business plans and strengthen their operations. Strong SMEs and SEs will create employment and provide economic security, which will lead to long-term economic growth for Haiti.

Leveraging Effective Applications of Direct Investments (LEAD)

is a USAID project that aims to attract investments in Small- and

Medium-sized enterprises (SMEs) that are based in Haiti, as well as

increase the development impact of remittances. The LEAD project

operates in the three development corridors of Cap-Haitian,

St. Marc, and Port-au-Prince and is implemented by the Pan

American Development Foundation (PADF).

Remittances

LEAD works with the Haitian Diaspora to increase the development impact of remittances flowing into the country. Through our partners, LEAD has launched a survey and a series of roadshows to engage the Diaspora and use their input to develop innovative remittance models for Haiti.

The Diaspora will have information about investment opportunities in Haiti, so that they can directly invest in promising enterprises or offer their technical expertise to up-and-coming entrepreneurs.

We invite you to read about the accomplishments of the project to date and learn more about what Haitian enterprises are doing to create a stronger, more prosperous Haiti.

Port-au-Prince$2.7M committed in U.S. Government funds

Leveraging $5M in private capital

15 entrepreneurs, 6 diaspora, 6 women

Cap-Haitian$1.2M committed in U.S. Government funds

Leveraging $1.4M private capital

8 entrepreneurs, 3 diaspora, 1 woman

St. Marc$144,000 committed in U.S. Government funds

Leveraging $169,000 in private capital

2 entrepreneurs, 1 woman

Multiple Corridors$400,000 committed in U.S. Government funds

Leveraging $2.5M in private capital

2 entrepreneurs

InvestmentCorridors

2

St. Marc$144,000 committed in U.S. Government funds

Leveraging $169,000 in private capital

2 entrepreneurs, 1 woman

Multiple Corridors$400,000 committed in U.S. Government funds

Leveraging $2.5M in private capital

2 entrepreneurs

DiasporaEntrepreneurs

CASTMICap-Haitian Corridor

CASTMI is a water treatment and bottling plant with a kiosk run by a member of the Haitian Diaspora.

CASTMI provides purified water in bulk and individual sachets to the population of Ouanaminthe. It is the only center of its kind in the Haitian border town.

CASTMI will be using the BPC grant and matching fund investment to upgrade its facility with new equipment and move to a larger space. This will allow the business to start producing bottled water in addition to its current product line.

Construction jobs, retailers, facility jobs (machine operators, management, and support staff).

Who

What

BPC Grant

Jobs Created

Investing in Entrepreneurs 3

D & E Green EnterprisesPort-au-Prince Corridor

Who

What

BPC Grant

Jobs Created

D & E Green Enterprises is a Haitian manufacturing company based in Port-au-Prince.

The company manufactures locally a highly efficient charcoal stove called Eco Recho, which uses 50 percent less charcoal than traditional cook stoves while also reducing indoor pollution.

Through a LEAD grant, D & E Green will have funds to purchase equipment and cover part of the operating costs of their manufacturing facility that had to be rebuilt after the 2010 earthquake.

D & E Green expects to create 60 jobs over the next two years through this project.

Kreyol EssencePort-au-Prince

Kreyol Essence is a start-up social business created by a young Haitian American woman. The company will be based in Port-au-Prince but most operations will be across the country.

Kreyol Essence is producing organic cosmetic beauty products and making them available to everyone in Haiti and abroad. Kreyòl Essence is an agribusiness, whose initial product portfolio consists of hair growth oils, exotic hair pomades, therapeutic body oils, organic soaps, and candles. It has received the support of Yunus Social Business to develop the business plan and has also received a loan from Yunus.

They will use the LEAD funds to finance equipment, marketing campaign and certain operational costs.

Kreyol Essence projects the creation of over 400 indirect jobs.

Who

What

BPC Grant

Jobs Created

4

Les III Rois Cap-Haitian Corridor

Who

What

BPC Grant

Jobs Created

Les III Rois is a Haitian start-up company operating in Cap-Haitian.

Les III Rois will construct and operate an apartment complex/hotel in a beautiful beach near

Labadie. This will provide a boost to the local tourism industry.

The LEAD grant funds will be used to purchase equipment and furnishings necessary to operate the apartment complex/hotel.

Les III Rois expects to create 80 jobs through this project.

Madan Belfwi Port-au-Prince Corridor

Madan Belfwi Fruit Mixes is a Haitian company established in Port-au-Prince.

Madan Belfwi was started by a Diaspora entrepreneur to provide Haitians with healthy, tropical-fruit-based products such as smoothies, fruit salads, juices and

fruit baskets.

The LEAD grant funds will be used to scale operations, purchase equipment and cover some operating costs.

Madan Belfwi plans to create 39 jobs through this project.

Who

What

BPC Grant

Jobs Created

Investing in Entrepreneurs 5

SAPEN S.A. (Société Agricole de Production et D’elevage du

Nord)Cap-Haitian Corridor

Who

What

BPC Grant

Jobs Created

SAPEN S.A. is a Haitian company based out of Limonade that operates a poultry business.

SAPEN S.A. sought to expand its existing poultry business to create an integrated

aviculture farm and a poultry processing plant, across two locations.

The LEAD grant funds would be used to purchase necessary equipment, furniture

and accessories as well as fund training and some operating expenses.

SAPEN S.A. expects to create 55 jobs through this project.

SIENNA Agricultural Holdings Company S.A.

Port-au-Prince Corridor

Who

What

BPC Grant

Jobs Created

SIENNA Agricultural Holdings Company is a company based out of Port-au-Prince

that invested in an agricultural plantation to mass-produce papaya for local consumption

and export.

As papaya is a key tropical fruit, this company sought to build the infrastructure necessary

to create a papaya plantation where the crop would receive international organic

certification, and use cutting-edge agricultural practices such as drip irrigation. The company

also plans to expand production of value-added products such as papain.

Through a LEAD grant, SIENNA will have the funds to create the necessary infrastructure for

the project including wells, constructing storage and office space, and invest in farm equipment.

SIENNA expects to create 100 jobs over the next two years through this project.

SWITCH S.A.Port-au-Prince Corridor

SWITCH S.A. is a Haitian start-up company that promotes the use of efficient propane cooking stove system among households and businesses.

SWITCH promotes the kit (stove, connectors, propane fuel tank) to the Diaspora who can purchase the system for their families in Haiti. SWITCH has invested in a business model that allows for payment abroad (Haiti PAY), harnessing in the process part of the remittances flow to support this development change. SWITCH also provides training to beneficiaries who are new to cooking with propane.

Through LEAD, SWITCH S.A. has received a grant to set up operations to manufacture 22,000 stoves a year.

SWITCH S.A. aims to create a total of 60 jobs through this project.

Who

What

BPC Grant

Jobs Created

SOGEPA (General Society for Agro-industrial Production)

Port-au-Prince Corridor

Organic Cocoa processing company

SOGEPA produces organic and fair trade cocoa from local growers while promoting environmental and social responsibility through reforestation and green education initiatives.

SOGEPA will be using their BPC grant and matching fund investment to establish additional cocoa purchasing centers throughout Haiti that will provide raw goods to the SOGEPA processing center in PAP. SOGEPA is additionally in the process of becoming organic and fair trade certified and is exploring a potential increase to their value-chain by transforming cocoa into chocolate.

Cocoa farmers, purchasing center operators and managers.

Who

What

BPC Grant

Jobs Created

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OtherEntrepreneurs

ACOD (Action et Cooperation en Developpement)

Cap-Haitian Corridor

ACOD is a Haitian enterprise operating out of Cap-Haitian.

The Company plans to expand its existing operations to produce and commercialize the “Yellow Lantern Chili” variety of organic pepper while using only organic fertilizers

and pesticides.

The LEAD grant funds will be used for construction and purchase of equipment and inventory necessary for this expansion.

ACOD plans to create 26 jobs and employ 350 seasonal laborers through this project.

Who

What

BPC Grant

Jobs Created

AGRI S.A.Cap-Haitian Corridor

Agri S.A. is a start-up company that will be based in the northern corridor more precisely in Marmelade. The community will be highly involved in the company.

Agri S.A.’s business will produce fruit juices in Haiti in the area of Marmelade, because local production of juice is still very low and the trade balance for this product is negative. The objective is to promote effective marketing of orange juice bottles, grapefruit and pineapple of one, a half and a quarter of a liter.

With the LEAD grant, they will purchase the necessary equipment and raw material to start production.

Agri S.A. anticipates creating 74 jobs.

Who

What

BPC Grant

Jobs Created

Dlo Haiti S.A.Port-au-Prince, St. Marc, Cap-Haitian Corridors

Dlo Haiti is a for-profit company established in Port-au-Prince that produces clean drinking water under the brand name Ovive.

Dlo Haiti decentralizes the supply of potable water by creating water kiosks across the country. These kiosks come with water purifiers that provide clean, drinking water to Haitians at affordable prices.

With the LEAD grant funds, DloHaiti will purchase equipment, materials and drill 8 boreholes to source water across the country.

DloHaiti plans to create 223 jobs through this project.

Who

What

BPC Grant

Jobs Created

ECSSA (Environmental Cleaning Solutions S.A)Port-au-Prince Corridor

Material recovery facility (first step in the recycling process).

Purchases recyclable materials from large scale and independent suppliers and resells them to recycling facilities internationally while promoting environmental responsibility.

ECSSA will be using their BPC grant and matching fund investment to strengthen PAP capacity and aid in the expansion of operations to Cap-Haitian.

Collectors of recyclable material, operators and managers in plant.

Who

What

BPC Grant

Jobs Created

Le Jourdain AtelierCap-Haitian Corridor

Global Recycling S.A.Port-au-Prince Corridor

Global Recycling S.A. is a Haitian SME based out of Tabarre that recycles used motor and residual fuel oil.

Used oils such as engine lubrication oil, hydraulic fluids, and gear oils used in cars, bikes, and trucks can pollute the environment if they are not disposed of properly. Global Recycling S.A. is the first Haitian company to invest in technology to recycle used oil. The recycling process remove water, insolubles, dirt, heavy metals, nitrogen, chlorine, and oxygenated compounds from oil drained from automobiles or other machines to produce “re-refined” oil.

Through a LEAD grant, Global Recycling, which had an existing business model to recycle used motor oil, will be able to expand its operations to include recycling of residual fuel oil as well. Grant funds will be used to construct tanks and basins to hold the collected oil, as well as to purchase the necessary equipment and materials to recycle the oil.

Global Recycling S.A. expects to create 25 jobs through this project.

Who

What

BPC Grant

Jobs Created

Glory Industries S.A.Port-au-Prince Corridor

Glory industries S.A. is a start-up company that will be operating in Port-au-Prince.

Glory Industries is a start-up company that will manufacture of sanitary paper products for personal use such as toilet paper, napkins, feminine pads, diapers, and others. They hope to mostly employ women.

The LEAD grant will go towards the purchase of raw materials.

Glory Industries will create 71 jobs by 2015.

Who

What

BPC Grant

Jobs Created

10

Le Jourdain AtelierCap-Haitian Corridor

LJA is a garment creation-center and store.

LJA currently sells more than one million shirts per year to schools, NGOs and religious groups, as well as individual and group buyers.

LJA will be using their BPC grant and matching fund investment to construct a second factory that will hire additional workers to meet increasing demand.

This will also allow LJA to diversify by adding embroideries to its garments to sell to higher-end clientele. LJA will also have the potential to reach capacity

needed to reach export markets.

Factory construction workers, textile workers and managers.

Who

What

BPC Grant

Jobs Created

Investing in Entrepreneurs 11

Moulin LanautéSt. Marc Corridor

Moulin Lanauté is a company that has been operating for many year in Pont-Sondé, which is in the St-Marc corridor.

Moulin Lanauté is dedicated to developing new rice varieties and crop management techniques that will help rice farmers to improve the yield and quality of rice an

environmentally sustainable manner.

Through the LEAD grant, they will purchase new equipment to increase production.

With this new investment Moulin Lanauté hopes to create 30 jobs.

Who

What

BPC Grant

Jobs Created

Perfection Sewing IndustriesPort-au-Prince Corridor

Perfection Sewing Industries is manufacturing business based in Port-au-Prince, looking to expand their current operations.

PS Industries is a for-profit woman-led Haitian enterprise that manufactures garments (primarily uniforms) and handbags for the local market, as well as chenille

lettering, badges, medals, patches, ribbons, and needlepoint embroidery for international clients.

With the LEAD funds, PS Industries will build an additional building and purchase

equipment and fabric.

PS Industries will create 37 jobs.

Who

What

BPC Grant

Jobs Created

PISA (Produits des Îles S.A.)

Cap-Haitian Corridor

Produits des Îles SA is a subsidiary of the Haitian company REBO S.A. and operates out of both Port-au-Prince and the Northern Department of Haiti.

PISA seeks to expand its operations by producing a commercial, high-quality, fermented cocoa product for export by working with local farmers, and building the necessary infrastructure. PISA also plans to support its supplier farmers by helping them get a Rain forest Alliance certificate.

The LEAD grant funds will be used to purchase vehicles, equipment, and train farmers and employees.

PISA plans to create 400 jobs over the next 3 years through this project.

Who

What

BPC Grant

Jobs Created

SURTAB S.A.Port-au-Prince Corridor

SURTAB is a Haitian start-up company based out of the SONAPI Industrial Park in

Port-au-Prince.

The Company established the first light electronics assembly facility

to manufacture affordable and durable mobile devices,

particularly a popular 7” tablet.

The LEAD grant funds were used to purchase necessary

equipment and inventory materials to meet

demand.

SURTAB plans to create 40 jobs

through this project.

Who

What

BPC Grant

Jobs Created

X-Quis BoulangerieSt. Marc Corridor

X-Quis Boulangerie Patisserie is a Haitian start-up based out of St. Marc.

X-Quis operates as one of the few (if not the only) bakeries in the town of St. Marc that uses high quality and hygiene standards to produce bread and other pastries. The company will implement a home-delivery system, and in the future it hopes to expand its offerings to the entire Artibonite region.

LEAD grant funds will be used to purchase equipment and materials for the bakery.

X-Quis expects to create 50 jobs over the next three years through this project.

Who

What

BPC Grant

Jobs Created

LEAD Partners

Investing in Entrepreneurs 15

16

Enterprise

Action et Cooperation en Developpement (ACOD)

Societe Agricole de Production et d’Elevage du Nord (SAPEN S.A.)

Agri SA

PISA

Sepun

Sienna Agricultural Holdings Company

Societe Generale de Production Agro-industrielle (SOGEPA S.A.)

Moulin Lanauté

D & E GREEN Enterprises

Kreyol Essence

SWITCH S.A.

SURTAB S.A.

Le Jourdain 1

Le Jourdain 2

Glory Industry

Perfection Sewing Industry

DloHaiti

ECSSA

GLOBAL RECYCLING

Madan Belfwi

X-QUIS Boulangerie

CATSMI

Les III Rois

Palmis Eneji

Karibu

Kaytek

Boulangerie d’Enfant Jesus

Corridor

Cap-Haitian

Cap-Haitian

Cap-Haitian

Cap-Haitian

Port-au-Prince

Port-au-Prince

Port-au-Prince

St. Marc

Port-au-Prince

Port-au-Prince

Port-au-Prince

Port-au-Prince

Cap-Haitian

Cap-Haitian

Port-au-Prince

Port-au-Prince

Port-au-Prince, St. Marc,

Cap-Haitian

Port-au-Prince

Port-au-Prince

Port-au-Prince

St. Marc

Cap-Haitian

Cap-Haitian

Port-au-Prince

Port-au-Prince

Port-au-Prince/Cap-Haitien

Port-au-Prince

Sector

Agriculture

Agriculture

Agriculture

Agriculture

Agriculture

Agriculture

Agriculture

Agriculture

Alternative Energy

Alternative Energy

Alternative Energy

IT

Manufacturing

Manufacturing

Manufacturing

Manufacturing

Manufacturing

Other-recycling

Other-recycling

Retail/Wholesale

Retail/Wholesale

Technology

Tourism

Alternative Energy

Tourism

Manufacturing

Retail/Wholesale

Total all

Total diaspora

Grant Amount

$161,043

$200,000

$200,000

$200,000

$200,000

$199,939

$200,000

$70,100

$200,000

$200,000

$200,000

$200,000

$138,620

$61,380

$200,000

$200,000

$200,000

$200,000

$72,975

$75,000

$73,655

$75,438

$200,000

$200,000

$200,000

$200,000

$163,850

$4,492,000

$1,550,377

Investing in Entrepreneurs 17

15

8

2

2

CorridorSummary

2

8

4

1

6

3

1

2

SectorSummary

EnterpriseSummariesThe winners of LEAD’s BPC to date are diverse in both their sectors of operation and the corridors in which they are based. This ensures that LEAD funds have planted seeds of economic growth through all three corridors, and across the key economic sectors. The charts below show these breakdowns of current LEAD BPC winners.

Agriculture

Alternative Energy

IT

Manufacturing

Other-Recycling

Retail/Wholesale

Technology

Tourism

Port-au-Prince

Cap-Haitien

St. Marc

All 3 corridors

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About PADFThe Pan American Development Foundation, a 501 (c) (3) nonprofit organization, brings together many

stakeholders to improve livelihoods, empower communities, strengthen civil society, support human

rights, protect the environment, and respond to natural disasters in Latin America and the Caribbean.

Established by the Organization of American States in 1962, PADF has worked in every country in the

region. In 2013 PADF reached more than 10 million people by investing $69 million in development

resources in 22 Latin American and Caribbean countries.

1889 F Street, NW, 2nd FloorWashington, D.C. 20006Tel. 202.458.3969

padf.org

/padforg

@padforg

JBE Plaza, Blvd. du 15Octobre, Belvil 7Route de TabarrePort-au-Prince, Haiti