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Fonkoze USA

Washington, DC   |  https://fonkoze.org

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Mission

The vision of the Fonkoze Family is a Haiti where people, standing together, shoulder to shoulder, have pulled themselves out of poverty. Our mission is to work together to provide financial and development services to empower Haitians--primarily women--to lift their families out of poverty. Fonkoze USA secures financial and technical support for its Haitian partners, Fonkoze Foundation and Fonkoze Financial Services. Fonkoze USA educates the American public about it's partners' work in Haiti, facilitates technical assistance, raises money to support their services and programs, and provides the due diligence and reporting for donors.

Ruling year info

1997

Executive Director

Dr. Erlantz Hyppolite

Main address

1900 L St NW Suite 304

Washington, DC 20036 USA

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EIN

52-2022113

NTEE code info

Economic Development (S30)

Fund Raising and/or Fund Distribution (P12)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Microfinance

Fonkoze provides access to sustainable financial services, enabling the rural poor to increase incomes, build assets and reduce their vulnerability to external shocks.

Population(s) Served
Women and girls
Economically disadvantaged people

CLM empowers the poorest families in Haiti to lift themselves out of ultra-poverty. Using the Graduation Approach, the program provides intensive support and coaching to women (and individuals with disabilities) throughout an 18-month process.

Population(s) Served
Economically disadvantaged people
Women and girls

Boutik Sante is a health social franchising initiative that brings health products, education and services to rural Haiti - where access is typically non-existent, limited or unreliable. Fonkoze's team of registered nurses trains microfinance clients to become Community Health Entrepreneurs (CHEs). They learn to conduct basic health screenings and deliver health education sessions.

Population(s) Served
Families
Economically disadvantaged people

Education Across Technology (EdTek) is a tablet-based learning platform developed by Fonkoze to empower rural Haitian women - regardless of literacy. It addresses the lack of access to quality education by providing essential business and life skills training. EdTek modules cover topics such as business development, disaster risk reduction, environmental protection, sexual health, and financial literacy. The program is accessible regardless of literacy level and offers offline functionality for data capture. Through EdTek, clients improve their decision-making skills, enhance their microenterprises' resilience, and create positive change in their communities. Fonkoze's vision is to make EdTek a self-sustaining platform available to the entire Haitian population. All of EdTek's content is in Haitian Creole.

Population(s) Served
Women and girls
Economically disadvantaged people

Fonkoze's Value Chain Development programs strengthen economic opportunities for small businesses in Haiti by establishing and reinforcing market linkages. The program focuses on businesses and associations that are underserved by the financial sector in Haiti.

Population(s) Served
Economically disadvantaged people
Self-employed people

Where we work

Affiliations & memberships

Finance for the Future Award 2018

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of savings accounts used by clients

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women and girls, Adults, People of African descent

Related Program

Microfinance

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total number of microfinance savings accounts (primarily in rural Haiti).

Number of clients who become literate because of literacy education programs by the nonprofit

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women and girls, Adults, People of African descent

Related Program

Adult Education - EdTek

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total number of participants passing Fonkoze's Alfa Bon (Literacy) course

Number of borrowers served through the nonprofit's programs

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women and girls, Adults, Economically disadvantaged people

Related Program

Microfinance

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total number of active borrowers (primarily in rural Haiti) with access to reliable financial services to improve their livelihoods.

Number of families who have participated in our ultra-poverty alleviation program CLM since inception

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women and girls, Economically disadvantaged people, Homeless people

Related Program

Chemen Lavi Miyo (CLM or Pathway to a Better Life)

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

With the support of their CLM Case Mangers, program participants must achieve a number of things in order to graduate - including generating income and building a 9x9 meter home with a latrine.

Total dollar amount of loans issued

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women and girls, Adults, People of African descent

Related Program

Microfinance

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Value of loans disbursed to underserved communities across Haiti.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Fonkoze is a family of institutions that work together to provide the financial and non-financial services to empower Haitians--primarily women--to lift themselves out of poverty.

Fonkoze is composed of three organizations, including Fonkoze Financial Services, Fonkoze Foundation, and Fonkoze USA. Since its founding in Haiti in 1994, Fonkoze's leadership has agreed that microfinance services were essential in lifting Haitians out of poverty, yet these services needed to be complemented by additional development support in order for Fonkoze's clients to translate their loans into viable livelihoods. And so, in addition to a full spectrum of microfinance services, we also offer development services such as health, adult education, business skills development, and programs for the most vulnerable.

Fonkoze USA conducts communications, fundraising, and outreach activities to generate support for our two partners in Haiti, Fonkoze Financial Services and Fonkoze Foundation. Fonkoze Financial Services provides microfinance services, including credit, savings, money transfer, currency exchange, and payroll processing to its clients. Fonkoze Foundation supports Fonkoze Financial Services clients by providing development services

Since its founding in 1994, Fonkoze's community-based network has expanded to 60,000 Fonkoze Financial Services borrowers—organized into 2,000 centers, each composed of six to ten Solidarity Groups, each composed of five women. Fonkoze Foundation has effectively leveraged this grassroots network to deliver programs and services throughout the country. In 2010, for example, Fonkoze Foundation's 22-month, $8.2 million Kore Fanmi program utilized the client network to support earthquake victims and their families. An American Red Cross study noted, “In a very short time, Fonkoze was able to reach almost 30,000 beneficiaries... branches across the country facilitated program deployment, without additional cost, and allowed Fonkoze to reach [households] living in remote areas."

With over hundreds of thousands of borrowers and savings clients, Fonkoze is the largest microfinance institution in Haiti. In 2020, Fonkoze disbursed $32 million in loans. With remittances making up 38% of Haiti's Gross Domestic Product, Fonkoze Financial Services' facilitation of international money transfers is an essential contribution towards the Haitian economy; in 2020, it saw $114 million in transfers.

To date, Fonkoze Foundation has "graduated" over 9,000 of the most vulnerable families in Haiti out of ultra-poverty. Over 185,000 women have participated in adult education classes, including basic literacy and business skills. Fonkoze Foundation's innovative social franchising program has enabled 1500 small entrepreneurs (all women) to sell over-the-counter health products and services to nearly 3 million beneficiaries.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded

  • What challenges does the organization face when collecting feedback?

    It is difficult to find the ongoing funding to support feedback collection

Financials

Fonkoze USA
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Fonkoze USA

Board of directors
as of 11/22/2023
SOURCE: Self-reported by organization
Board chair

Mr. Larry Arbuthnott

Beth Daniels

Social worker, retired

Marguerite Lathan

Psychotherapist

Larry Arbuthnott

Director of US Card, Capital One

Jorie Roberts

Attorney at Law, Virgin Islands

Laura Stephens

Jean-Garnier Bélizaire

First Vice President, SunTrust

Katie Cortes

Lisa Clark

Legal Professional

Mackenzie Keller

USAID

Roxann Thomas Chargois

Western Area Director, Links

Claudia Cyrill

Majorie Dorcely

Michele L. Hartigan

Robyn Mordeno

Laura Roberts Wright

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 11/22/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 02/05/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.