UC Irvine’s Institute for Money, Technology & Financial Inclusion has received a $4.17 million grant from the Bill & Melinda Gates Foundation to continue research on current and potential uses of mobile technology in providing banking and financial services to people in developing countries. The four-year grant brings the IMTFI’s total Gates Foundation funding to more than $6.13 million since the institute’s founding in 2008.
According to Haitian law, all employees must pay their staff a minimum legal wage of $5 per day. This law was passed amidst great debate: Aristide wanted to it to be higher; businesses wanted it to be lower, and Préval eventually compromised on the current rate.
The minimum wage is supposed to provide security from the worst forms of exploitation and cover the most basic living expenses. It is supposed to be low enough for employees to hire more staff than they realistically need, thus keeping chronic and widespread unemployment under some rubric of control.
Schwartz, Timothy T. 2008. Travesty in Haiti: A True Account of Christian Missions, Orphanages, Food Aid, Fraud and Drug Trafficking. ISBN 978-1-4196-9803-3.
I first heard of Timothy Schwartz's book, Travesty in Haiti, when I was on fieldwork in Port-au-Prince earlier this year. After reading a synopsis I was disinclined to read the book, thinking it sounded like the work of a soapbox-standing, diatribe-ranting guy with a personal vendetta that would contain little of balanced value. But my good friend Matthew Levasseur encouraged me to read it, and I'm glad I did. From the first pages, the book rings true with my own brief experience of Haiti.
After two months of research in Port-au-Prince, our report on Haiti's new mobile money services is available on the IMTFI website.
Building upon our previous research on domestic remittances and financial practices, we returned to Haiti from December to April to identify mobile money’s potentials and challenges given the specific characteristics of the mobile money services offered and the needs of the Haitian population.
This report presents our analysis of how the new mobile money services fit into Haiti's existing socioeconomic environment, and how customers are adapting and using the services. We identify six key insights and make recommendations for the development of mobile money in Haiti.