Palmis Mikwofinans Sosyal (PMS) is a Haitian microfinance institution, which provides micro-entrepreneurs with basic services (credit, savings, training, social support) to develop their income-generating activity.
In Haiti, regularly shaken by climatic and political hazards, the economy is struggling to structure and develop, and paid jobs are rare. So in order to survive, poor, enterprising and tenacious women and men start a fruit stall, a sewing workshop, a street restaurant, etc. with three times nothing. But to develop it, consolidate it and make it a real lever against poverty, they sorely lack training and capital.
Since 2003, Entrepreneurs du Monde has been supporting Palmis Mikwofinans Sosyal (PMS), a microfinance institution with a strong social vocation, to provide micro-entrepreneurs with basic services (credit, savings, training, social support) and thus help them develop their income-generating activity (PMS), and thus help them develop their income-generating activity and lift their families out of extreme poverty, at all levels.
Divided into local agencies, the team makes available to these vulnerable entrepreneurs:
Entrepreneurs du Monde structures PMS on all levels (legal, financial, methodology, human and financial resources, management, reporting, etc.) and PMS is now a microfinance institution under Haitian law. Certainly, the latest crises (political, security, economic, health and social) have had a negative impact on the functioning of PMS and on its operational viability, which fell to 61% at the end of 2020 but rose to 71% at the end of 2021 and should reach 100% in 2023.
