Investment: ACME
Association Pour La Coopération Avec La Micro Entreprise (ACME)
Founded in 1997, ACME operates in Port-au-Prince, meeting the capital needs of urban entrepreneurs working in the informal sector. In the past 10 years, ACME has expanded from a staff of four to 337 working in 20 branches. ACME reached operational self-sufficiency in 1999 and became profitable in 2002. With the entry of commercial banks in the micro-credit sector in the last six years, ACME has been able to compete and grow due to the quality of it customer service. With national and international recognition, including a Financial Transparency Award from the Consultative Group to Assist the Poor (CGAP), ACME plans to expand its operations to neighboring cities and transform into a joint-stock company.
Why we invested
The goal of our investment was to help strengthen Haiti’s fledgling microfinance industry. After reviewing several local providers, we selected ACME because of the strength of its management team and board.
Key Facts
Region: Haiti
Investment type: Guarantee / Loan
Investment amount: $2,000,000
Size: 140 employees, 21 branches
Website: http://www.acmehaiti.org
Featured Story
Jacques Augustin
In Croix-des-Bouquets, Haiti, Jacques Augustin diligently works to support five members of his family, including his wife Monique and their three children. He owns two small businesses – Jacques Express and Monique Depot, a soda shop he named for his wife. In 2003, Mr. Augustin wanted to improve upon and expand his business and so applied to ACME for a loan...
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