Self-Financed Community Banks

The Association for Self-Financed Community Banks (ACAF), led by Ashoka Fellows Salomón Raydan and Jean-Claude Rodriguez Ferrera, creates banks that pool community resources to provide for local financing needs. These Self-Managed Financial Communities (CAFs) carry out their own savings and loan programs. Learn more here.

ACAF, facilitates small cluster lending among communities in Ouanaminthe. In this model low-income individuals form groups to create financing and savings opportunities which gives them access to micro-credit and other financial services that they are often without.

To learn more about how CAF’s had been replicated in Haiti, read here.

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