Tags: CB | Haiti | Clinton | Loan

Bill Clinton Launches Business Loan Program in Haiti

Tuesday, 16 Aug 2011 05:50 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

PORT-AU-PRINCE, Haiti (AP) — Former U.S. President Bill Clinton launched a new business loan program in Haiti on Tuesday aimed at helping bolster an economy that was devastated by the January 2010 earthquake.

Clinton said the first loan in the $20 million program is being made to Caribbean Crafts, which produces crafts such as carnival masks for export and lost its workshop in the earthquake.

The company is receiving a loan of $450,000, with interest to be paid back to the program to help make additional loans in the future, Clitnon told reporters as he toured Caribbean Crafts' workshop near the airport in Port-au-Prince. He said the money will help the operation add an additional 200 workers.

Clinton said he had been "surprised and disturbed" to learn of the difficult loan terms available for even Haitian businesses with solid credit.

"One of the biggest problems in growing the Haitian economy is that there is really no facility that grants small business loans on reasonable terms," he said.

Clinton has been active in Haiti reconstruction through his foundation and as co-chairman of the Interim Haiti Recovery Commission.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

US Ebola Patient's Sister: Brother Told Hospital He Had Been to Liberia

Wednesday, 01 Oct 2014 13:17 PM

The first patient to be diagnosed with Ebola in a U.S. hospitalwas evaluated initially and turned away, a critical misse . . .

Rep. Trey Gowdy: WH Should Pay Attention to Rep. Cummings on Secret Service

Wednesday, 01 Oct 2014 12:58 PM

The White House should pay attention when someone like Maryland Democratic Rep. Elijah Cummings calls for change in the  . . .

Politico Report Rips Culture at Secret Service

Wednesday, 01 Oct 2014 12:36 PM

It is getting harder to defend the foibles of the U.S. Secret Service, an agency tasked with protecting the president bu . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved