Just after the earthquake in 2010, 3W went to Haiti to try to understand the issues facing the devastated and impoverished country. We decided that we would make it a priority to support innovative tools and programs that could address the overall lack of economic opportunity in Haiti, thereby focusing on job creation and the development of some key industries.
3W has committed to work with Root Capital to bring their unique model of capital access and market linkages to Haiti. Our initial grant provided the first-loss loan capital to initiate Root Capital efforts in Haiti. As first position capital, these funds were particularly difficult to secure. With this grant, our funds leveraged other donors — See the Clinton Bush Haiti Fund press release from 2010. We also committed funds to build organizational capacity in Haiti through local investment officers. Read more about Root Capital’s model in The New York Times article. We also partner with Root Capital in Latin America. For more on 3W and Root Capital’s collaboration, please see our Job Creation in Latin America project.