Haiti Horticulture (IFC-605067)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Haiti
Geographic location where the impacts of the investment may be experienced.
Specific Location
Port-au-Prince, Kenscoff
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 15, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Solidarite Haitienne pour le Developpement Rural de Kenscoff (SOHADERK)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.80 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 1, 2023

Disclosed by Bank Jul 20, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

This project focuses on proving a contract farming model with a small number of farmers. It has two components:
- Component 1 (Farmer training) builds farmer capacity to produce horticulture with the variety, quantity, quality, food safety standards and price that meets the buyer’s needs, and that provides sustainable revenues to the farmer. Special attention will be paid to improving soil and water management practices and to producing crops based on food safety standards (pest residues management, safe irrigation practices).
- Component 2 (Value Chain Development) will demonstrate a scalable contract farming system, for two IFC clients in the Northeast and Port-au-Prince (PAP).
In the Port-au-Prince area, the project will work principally with an established community-based farmer organization called SOHADERK, with 7,500 members, located in the vegetable-growing area of Port-au- Prince (Kenscoff). Proposed target crops are lettuce, strawberry, cucumber, and pepper.
In the Northeast, where there is less farmer capacity, the project will work with a committed large regional buyer of fresh produce for its workers. On the production side, the project will adopt a three-track approach in order to spread risk (of e.g. local drought or pests, social unrest, side selling, etc.) and find the best possible match(es) for the buyer. Onions, carrots and cabbage will be the key crops; leek and pepper will also be considered.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

SOHADERK is a local association promoting rural development, especially in the agricultural sector.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No project contacts available at the time of disclosure.

Client - Solidarite Haitienne pour le Developpement Rural de Kenscoff (SOHADERK):

Address: 6, Kenscoff 80- Kenscoff, Kenskoff, Haiti
Phone: +509 29 18 9000
Email: sohaderk@yahoo.fr

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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How it works