Programs: CODEVI
Announced:
December 20, 2012
Category:
Providing Small & Growing Businesses with Access to Financing & Business Services
Fund Amount: $474,375 Grant
Above, the CODEVI industrial park.
The Clinton Bush Haiti Fund made a grant of $474,375 to establish permanent kitchen facilities for enterprising cooks at the Compagnie de Développement Industriel (CODEVI) industrial park in the northeast Haitian town of Ouanaminthe.
Until the launch of this project, cooks operated in make-shift, unsanitary stalls outside the park. Fifty new individual kitchens inside CODEVI provide access to running water, electricity, and new equipment for cooks. Each kitchen is operated by a separate micro enterprise, the majority of which are led by women.
The Multilateral Investment Fund of the Inter-American Development Bank is contributing $600,000 to this project to provide technical assistance for the cooks once construction is complete. Instituto Dominicano de Desarrollo Integral, a Dominican nonprofit organization, is overseeing the project.
Why We Invested in CODEVI
Clinton Bush Haiti Fund's grant to IDDI for kitchen facilities at CODEVI reflects our commitment to providing micro and small enterprises with the resources to formalize their businesses.
Transforming Lives and Livelihoods
- Support micro enterprises, a majority of which are led by women, in transitioning to the formal economy.
- Make sanitary food accessible for employees of the CODEVI industrial park.
- Promote the wellbeing of park employees by incorporating additional services.
About Instituto Dominicano de Desarrollo Integral (IDDI)
IDDI is a Dominican not-for-profit organization that has more than 27 years of experience in the areas of health clinic management, micro-credit to the informal economy, community coordination, and construction in the Dominican Republic.
About Compagnie de Développement Industriel (CODEVI)
CODEVI is an industrial park constructed in the mid-2000s in Ouanamnithe, Haiti. CODEVI has just over 5 acres of land developed into industrial space, housing 5 apparel manufacturing business lines, of which Timberland is the most recent addition. CODEVI is 100% wholly owned by Grupo M, a privately owned vertically integrated apparel manufacturer in the Dominican Republic producing knits and woven products for the U.S. market. In addition to the MIF, the Soros Economic Development Fund has also previously invested in CODEVI.
