Alex Counts is President and CEO of Grameen Foundation, and the author of “Small Loans, Big Dreams: How Nobel Prize Winner Muhammad Yunus and Microfinance are Changing the World” (John Wiley & Sons, 2008).
Battling the odds has never been a new concept to the people of Haiti.Fifty-eight percent of the country’s population is undernourished. Fifty-four percent live on less than US$1.25 a day.
But despite these conditions, Haiti has also had to endure a number of natural disasters—most recently, a 7.0-magnitude earthquake that struck Tuesday, January 12, near Port-au-Prince. Damage from the worst earthquake in 250 years has been described as “unimaginable” and “incomprehensible.” All hospitals were leveled by the disaster, and a devastating death toll is expected, potentially in the hundreds of thousands. The archbishop of Port au Prince is one of those whose lives have been lost, and the offices of the World Bank and InterAmerican Development Bank have been destroyed.