The Power of a Microloan

A microloan recipient in Haiti
Thanks to a microloan from World Concern, 34-year-old Damas Louis was able to buy a refrigerator and offer more products to customers of his small shop in Les Cayes, Haiti.

A microloan made a macro difference in Damas Louis’s life. The 34-year-old lives in Les Cayes, a town on Haiti’s southern coast.  Life is tough here, and most people struggle to survive in a city plagued by poverty, unemployment and lack of infrastructure. Before receiving a loan, Damas scraped together a living by selling snacks and drinks in a tiny shop on an unpaved street.

“I wasn’t able to afford the things my customers wanted to buy, so they would go elsewhere,” he said.

With credit and support from a World Concern microloan, Damas was able to buy a refrigerator and additional inventory to sell, including cosmetic products. His business has nearly quadrupled, from about $24 in sales per day to $93 a day.

Things are definitely improving for Damas, who recently got married and is expecting his first child. He has ambitions to increase his income, eventually renting a larger space closer to a market and expanding his business even further.

Published by

Cathy Herholdt

Cathy Herholdt is World Concern's Senior Communications Director. With a background in journalism, Cathy honed her writing skills as a newspaper editor and now enjoys sharing the inspiring stories of those World Concern serves. She has served with World Concern since 2010.