Company name
Caribbean Craft
Project number
HA2757A-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Haiti
Sector
Manufacturing
Status
Completed
Disclosed date
N/A
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
N/A
Approval date
06/02/2011
Signed date
04/27/2012
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 100,000
Currency
USD
Project scope and objective
Art can literally save lives, and employees of Caribbean Craft believe that it can also help save a nation. The company employs 300 Haitian artisans to produce carnival masks, sculptures, and paintings for export. The 2010 earthquake destroyed its only studio, but owner Magalie Dresse has not lost heart. Right now, Caribbean Craft’s artisans are working out of tents, turning recycled materials into folk art. However, the company’s small IIC loan will enable it to build a permanent studio and steel structure warehouse facility. According to Dresse, things can always change for the better and, thanks to foreign demand and aid, her company could be adding a thousand new artisans to its design team.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .