Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2k7Pq9T. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. -------------- The international development community learned decades ago that when relief organizations bring in donated goods that are distributed for free to people in need, one of the outcomes is often the death of local businesses that provided those goods. Why then are NGOs continuing to employ this model in Haiti, asks author, entrepreneur, investor and professor Daniel Jean-Louis. Jean-Louis is based in Haiti. His firm, Bridge Capital provides small loans to businesses that otherwise don't qualify for loans from Haiti's conservative banking sector. His 100,000 jobs initiative is working across sectors with NGOs, governments and the private sector to create 100,000 jobs by 2020. He reports having helped to create more than 10,000 jobs so far, though he worries Hurricane Matthew may have destroyed some of those jobs when it destroyed so much else in Haiti. Bridge Capital is small by almost any standard, with just $1 million in capital. In Haiti, where a $10,000 loan can have more impact, that represents the potential to help 100 companies. Jean-Louis hopes to triple the capital base in the coming year, allowing him to reach a level of profitability. Profits come from the 7 to 8 percent net interest margin on its loans. -------------- Read the full Forbes article and watch the interview here: http://bit.ly/2k7Pq9T. Need a corporate social responsibility speaker? Learn more about Devin Thorpe at http://corporatesocialresponsibilityspeaker.com.
#512: How This Social Entrepreneur Is Moving Haiti Away From Aid Toward Trade