According to IFC website, the project consists in providing long-term financing in local currency to Action pour la Cooperation avec la Micro Entreprise (ACME), in order to support the growth of its microfinance portfolio and help ACME expand its lending services to rural micro and small enterprises (MSEs). ACME is one of Haiti’s leading microfinance institutions. The project would focus on strengthening core competencies, such as risk management, as well as develop and/or refine their product offering from MSEs. The proposed advisory services will be partially supported with funds from USAID.
The project is expected to have development impact by: (i) Increasing and improving access to finance for micro and small entrepreneurs in order to increase employment opportunities and generate economic growth in Haiti; (ii) Providing access to finance to women entrepreneurs, which represent 65% of ACME's clients; (iii) Expanding availability of financial services in rural areas of Haiti; and (iv) Promoting the adoption and implementation of best practice, particularly in terms of environmental and social practices.
Given that ACME provides financial services primarily to micro enterprises in Haiti and that the largest sectors of portfolio exposure are to Trade (83%), the environmental and social risks are considered to be low. the project has been categorized as FI-3 according to IFC’s Environmental and Social Review Procedures. While a limited number of activities supported by the microfinance institution could potentially be of moderate risk, these are reversible and readily addressed through mitigation measures. For this project, ACME will be required to ensure on-going screening of sub-loans against the IFC FI Exclusion List and national laws and regulations.
ACME’s shareholders are:
Organizations: ACME a.s.b.l. (original NGO structure), INCOFIN, IADB, and FIE NGO
Private persons: Mr. Bernard de Brouwer (founder), Mr. Sinior Raymond (Managing Director), and Mr. Vincent Burgi.
This project would benefit from additional support from USAID
ACME was founded as an NGO in 1997, with operations mainly in Port-au-Prince. After a decade of growth, the ACME converted in 2009 into a for-profit company. ACME’s shareholders are: organizations: ACME a.s.b.l. (original NGO structure), INCOFIN, IADB, FIE NGO and; private persons: Mr. Bernard de Brouwer (founder), Mr. Sinior Raymond (Managing Director), and Mr. Vincent Burgi.
Mr. Sinior Raymond
ACME SA (Siège Social)4 Impassse Pierre Legrand (Puits Blain)Pétionville, Haiti
mailto:email@example.comél: Cell: (509) 3713-9545 / (509)-2816-6454
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