Commercial bank
Collecting local savings and keeping them in circulation
Accounts, cards, transfers and online banking. Savings collected in the South are reinvested in the South, not exported to the capital.
The group · Ecosystem, governance & mission
The financial core of a regional economic ecosystem
BACCABANK does not finance isolated transactions: it links producers, collectors, processors, transporters, distributors and customers in a single circuit, with SET-UP as its economic platform and RES as its social arm.
Our mission
Three businesses under one roof
BACCABANK is neither a bank that took up social work nor an NGO that started lending. The three activities were designed together: savings fund loans, insurance protects the borrower, and the agricultural credit union times repayments to the harvest.
Community insurance
Pooling what a single household cannot absorb
Health, education, property, travel and business. Contributions are set in gourdes and discussed with the savings groups before every revision.
Agricultural credit union
Financing the growing season, not just the harvest
Seeds, inputs and transport on credit, with repayment deferred until the sale and technical assistance provided by CAPAH.
The model
A financial core, not a stand-alone counter
BACCABANK connects every link in the agricultural value chain instead of financing isolated transactions. At every stage, the money that goes out flows back into the network’s circuit.
Producer
Financing for seeds, inputs and labour; crops insured by ASA-H.
Collector
Collection advances and immediate payment to the producer at the farm gate.
Processor
Financing for the processing unit, equipment and working capital.
Transporter
Vehicle loans, transport insurance and logistics financing.
Bank / Insurance
BACCABANK and ASA-H: credit, payment, guarantees and cover at every link.
Distributor
Trade credit, inventory financing and merchant payment collection.
Customer
Payment through the network’s system; the money flows back to the producer’s account.
Level 1 — Banking
The foundation: accounts, savings, loans, payments, transfers and trade finance.
Accounts · Savings · Loans · Payments · Transfers · Trade finance
Level 2 — Insurance (ASA-H)
Protection for people, property and crops.
People · Farming · Vehicles · Businesses · Property · Climate risks
Level 3 — Investment
Long-term capital: sector-specific lines, each with its own ceilings, terms and guarantees.
Farming · SMEs · Industry · Real estate · Energy · Infrastructure · Technology
Level 4 — Economic ecosystems
The entry points: RES, SET-UP and all the players in the region.
RES · SET-UP · Local associations · Cooperatives · Producers · Traders · Schools · Health centres · Businesses · Distributors · International partners
Regional economic platform
SET-UP
The economic gateway: agriculture, trade, production, transport, industry and technology.
Social platform
RES
The social arm: education, health and social protection for communities and families.
The connected economic ecosystems
Agriculture
Agricultural loans, producer accounts, equipment financing, harvest payments.
Financial services
Savings, loans, payments, transfers, investment.
Insurance
Crop, motorcycle, health, home, transport and business insurance.
Industry
Financing for factories, equipment and working capital.
Trade
Merchant credit, supplier payments, inventory financing.
Transport & logistics
Vehicle loans, transport, warehouses and supply chains.
Health
Financing for clinics, pharmacies, equipment and health cover.
Education
Financing for schools, students, teachers and facilities.
Real estate & housing
Mortgage loans, construction and land financing.
Energy
Solar financing, electrical equipment and mini-grids.
Technology & digital
Digital accounts, electronic payments, financing for tech companies.
Fishing & maritime economy
Financing for boats, equipment, cold storage and processing.
Import & export
International trade, trade finance and international payments.
Infrastructure
Financing for large-scale projects and partnerships.
Community economy
Cooperatives, associations, producer groups and collective projects.
BACCABANK in figures
6
service points in Haiti and the United States
80+
licensed Zantray agents in rural communes
16
entities, sub-entities and sub-programs
500M G
in paid-up share capital
Our history
From a savings group to a licensed bank
The group was built the other way around from the usual model: the community first, the banking licence second.
The first solidarity savings groups
MOFEMTÈD organises women’s groups around rotating savings and financial literacy in the rural communes of Camp-Perrin.
The federation of farmers’ associations
CAPAH coordinates access to seasonal loans and technical assistance for producers in the South, and gives them a voice in the group’s governance.
The banking licence
BACCABANK ECO - S.A. is licensed by the Bank of the Republic of Haiti under number BH-2024-001, with share capital of 500 million gourdes.
The Zantray network
The network of licensed agents takes deposits, withdrawals and diaspora transfers beyond the branches, all the way into rural areas.
The North and the diaspora
Opening of the executive office in Cap-Haïtien and of the office of the parent company, BHZK Corporation, in Jacksonville, which receives account opening applications from the diaspora.
How we make decisions
Governance and oversight
The group keeps strategic decisions, lending and oversight separate. No single person may hold more than one of these three functions.
Board of Directors
Sets the strategy, approves budgets and appoints executive management. Affiliated associations sit on the board with full voting rights.
Executive management
Runs operations from Camp-Perrin and Cap-Haïtien, within the framework of the SET-UP project and the RES program.
Credit Committee
Decides collectively on applications above 500,000 G. Below that amount, the branch manager decides, subject to ex-post review.
Internal control and compliance
Checks compliance with prudential rules, know-your-customer obligations and anti-money laundering measures. Reports directly to the board.
Group structure
BHZK Corporation owns the bank, BACCABANK ECO - S.A. manages your money
The group keeps two things apart: ownership of the bank and the money the bank manages for its customers. Your deposits, withdrawals, transfers and loans are handled directly by BACCABANK ECO - S.A.: they never go through BHZK Corporation.
Parent company · shareholder
BHZK Corporation
Holds the shares of BACCABANK ECO - S.A. and leads the group’s governance, strategy and investments. Takes no part in customer transactions and never receives customer funds.
Operating bank
BACCABANK ECO - S.A.
Bank licensed by the BRH. Opens accounts, takes deposits, grants loans and executes payments, in its own accounts and with its own treasury.
Customers and partners
Individuals, businesses, diaspora
Deposit, withdraw, transfer and borrow directly with BACCABANK ECO - S.A., which records every transaction in its books.
Example: a customer deposits USD 10,000. BACCABANK ECO - S.A. credits the account and records what it owes the customer, then manages these funds with its liquidity to meet withdrawals and transfers. BHZK Corporation plays no part at any step and never receives the funds before the bank.
The only money movements between the parent company and the bank
| Operation | Direction | Explanation |
|---|---|---|
| Capital contribution | BHZK Corporation → BACCABANK ECO - S.A. | The parent company provides capital to the bank. |
| Dividends | BACCABANK ECO - S.A. → BHZK Corporation | The bank distributes part of its distributable profits, subject to the applicable rules. |
| Intercompany loans | Both ways | One company lends to the other, within the applicable limits and authorisations. |
| Payment for services | Both ways | For example, IT services provided by a group company and invoiced under a contract. |
Every transaction between group companies is identified, justified, recorded and approved. Customer deposits are not the capital of BHZK Corporation: the two companies have separate assets and accounts. These transactions are supervised by the Bank of the Republic of Haiti, in particular counterparty risk and related-party transactions.
Work or partner with us
We are hiring in the South and the North, and we welcome partnerships with organisations that share our commitment to transparency.