ENTITY STRUCTURE & GOVERNANCE

Two Entities, One Mission

Haiti requires the most structurally robust deployment in the CaribVista portfolio: Fondation CaribVista Haïti (non-profit under the Civil Code) manages food production with MARNDR, WFP, and FONKOZE coordination. IAGRO SAT Caribe Haïti S.A. (for-profit) provides satellite intelligence for land recovery prioritization. Political risk mitigated by design — assets in Barbados, operations in Haiti.

HUMANITARIAN-GRADE GOVERNANCE // DIASPORA BOARD SEAT // FORCE MAJEURE PROTECTION

01 // ENTITY RELATIONSHIP

FOUNDER / COMMON LEADER

CEO of IAGRO SAT · Board of Fondation CaribVista HT (ex-officio, non-voting on conflicts)

SATIAGRO SAT Caribe Haïti S.A.

FOR-PROFIT S.A. // REGISTERED PORT-AU-PRINCE // ASSETS IN BARBADOS HOLDING

Technology Products:

Sentinel-2 monitoring across 10 departments
Erosion risk mapping for hillside terracing priority
Hurricane rapid damage assessment (Category 1-5)
Deforestation detection for MARNDR enforcement
Food security dashboard for WFP/FAO/UNDP
Cross-border Hispaniola monitoring (HT + DR)
Artibonite canal water flow monitoring (SAR)

Operational in Haiti. IP and assets held in Barbados holding company. Force majeure transfer enabled.

CLTFondation CaribVista Haïti

PROPOSED FONDATION // NOT YET INCORPORATED // CODE CIVIL D'HAÏTI

Haiti Mission:

MARNDR partnership for land access authorization
Artibonite Valley rice rehabilitation (ODVA canal)
Hillside terracing — Southern Peninsula recovery
FONKOZE microfinance integration for farmer capital
Lakou cooperative structure engagement
WFP food distribution coordination
Diaspora capital channel via Fondation structure

Independent board. UNDP-audited. MIGA political risk insurance eligible.

HAITI-SPECIFIC: HUMANITARIAN COORDINATION LAYER

MARNDR

Ministry of Agriculture. Land access authorization, terracing programmes, extension services, seed distribution and zonal planning.

WFP Haiti

World Food Programme. Food distribution logistics, emergency response integration, school feeding programme coordination.

FAO Haiti

Food and Agriculture Organization. IPC food security analysis, seed systems, technical guidance, livestock and irrigation.

FONKOZE

Rural microfinance. 60,000+ active clients, 47 branches, mobile banking. Farmer payment routing and working capital.

CDB SFR GRANT

CDB Special Fund → Fondation CaribVista HT

SERVICE FEE

Fondation → IAGRO SAT (arm's length)

FONKOZE ROUTING

Farmer payments via FONKOZE mobile (audit trail)

DIASPORA CAPITAL

$3.8B remittance base → Fondation investment

WHY TWO ENTITIES, NOT ONE — HAITI EDITION

Political risk isolation

For-profit operates as an S.A. in Haiti but holds no assets there. All IP and assets in Barbados. If security collapses, the for-profit keeps running from Bridgetown.

CDB SFR eligibility

CDB Special Fund Resources (concessional) flow only to non-profit entities. Fondation is the grant recipient.

Diaspora capital channel

Fondation structure is familiar to Haitian diaspora donors. Direct investment in Fondation without tax complications.

UNDP audit requirement

UN agencies require non-profit governance for co-funding. UNDP Haiti audits the Fondation directly.

Technology IP protection

Satellite monitoring IP stays in IAGRO SAT S.A. — accessible to WFP, USAID, MARNDR as paying clients independently of Fondation funding.

Lakou compatibility

Fondation model maps naturally onto Haiti's lakou communal land governance. For-profit model would create suspicion in rural communities.

02 // REAL-WORLD PRECEDENTS

Building on What Works in Haiti

FONKOZE Microfinance Network

RURAL MICROFINANCE + COOPERATIVE DELIVERY

FONKOZE (Fondasyon Kole Zepòl) is Haiti's largest rural microfinance institution with 60,000+ active rural clients, 47 branches, and infrastructure reaching even gang-controlled areas via mobile banking. Proven last-mile delivery network.

CaribVista does not build last-mile distribution from scratch. FONKOZE's existing network delivers farmer financing and input payments. Plugs directly into CaribVista operations.

fonkoze.org // IADB microfinance assessments // USAID Haiti reports

ODVA Artibonite Canal System

STATE CANAL AUTHORITY + PRIVATE FARMING

ODVA (Office de Développement de la Vallée de l'Artibonite) manages the 125,000 ha Artibonite Valley irrigation canal system — Haiti's primary rice bowl. Decades of infrastructure investment in place, currently underutilized due to governance and capital gaps.

ODVA canal infrastructure exists. CaribVista does not build irrigation — it leases and rehabilitates. Reduces capital expenditure by 50-70% vs. greenfield.

ODVA annual reports // FAO Artibonite Valley assessment // MARNDR irrigation surveys

Lakou Multi-Family Farm System

TRADITIONAL COMMUNAL LAND GOVERNANCE

The Lakou system is Haiti's traditional multi-generational family compound farm — a communal land management system predating colonial agriculture. Multiple families share land, labor, and harvests. Still functions in 40-60% of rural Haiti.

Build on existing social infrastructure. CaribVista's cooperative model maps naturally onto Lakou structures — technical training, satellite data, and market access added on top.

Lakou system: ethnographic literature, MARNDR rural governance reports, UNDP Haiti

Haitian Diaspora Capital Network

REMITTANCE + DIRECT INVESTMENT

3.5 million Haitian diaspora members in the US, Canada, France, and the Dominican Republic send $3.8B in remittances annually (2023) — Haiti's largest source of foreign exchange, larger than all foreign aid combined.

Diaspora capital is the most patient, mission-aligned investable capital available for Haiti. The Fondation structure with a Diaspora board seat creates a direct channel.

BRH (Banque de la République d'Haïti) 2023 // World Bank remittance data // IDB Haiti

03 // GOVERNANCE FRAMEWORK

9-Seat Board — Haiti's Deepest Governance Structure

The Haiti Fondation has the most robust board in the CaribVista portfolio: 9 seats including dedicated representation for MARNDR, two farmer cooperatives (Artibonite + Southern Peninsula), a diaspora representative, WFP/FAO humanitarian observer, and UNDP-mandated annual audit. All land activation requires 2/3 majority. Source: CDB SFR requirements + UNDP Haiti co-funding protocols.

SEAT
WHO
INDEPENDENT

Independent Chair

Haitian civil society leader — agriculture or food security sector

YES

MARNDR Liaison

Ministère de l'Agriculture official (non-voting government observer)

YES

Farmer Cooperative Rep 1

Artibonite Valley rice farmer association representative

YES

Farmer Cooperative Rep 2

Southern Peninsula agroforestry/coffee cooperative representative

YES

Diaspora Representative

Haitian diaspora investor community (US/Canada/France)

YES

Legal/Finance Expert

Attorney or CPA with Haitian civil code non-profit governance experience

YES

WFP/FAO Observer

UN humanitarian agency coordination seat (non-voting)

YES

CDB Observer

CDB-appointed representative (non-voting)

YES

Founder

Ex-officio, non-voting on conflict matters

RECUSED

8 GOVERNANCE SAFEGUARDS — HAITI-GRADE

01Independent Board Supermajority

8 of 9 board members independent of IAGRO SAT. 2/3 majority required for ALL land activation decisions.

Source: CDB SFR requirements + Haiti-specific political risk safeguards

02Written Conflict of Interest Policy

Adopted at incorporation under Loi sur les Associations, signed annually by all board members

Source: Haiti Civil Code / Code des Associations

03Force Majeure — Barbados Transfer Clause

If security deteriorates to Level 4+, operations and asset management transfer to Barbados holding entity. Board can meet in Bridgetown.

Source: Political risk mitigation framework // CCRIF precedent

04Annual UNDP Audit

Annual third-party audit by a UN agency (UNDP Haiti). Public disclosure in English, French, and Haitian Creole.

Source: CDB SFR requirement // UNDP Haiti country office

05MARNDR Land Access Review

All land activation approved by MARNDR technical directorate. No activation without ministerial clearance.

Source: MARNDR agricultural zoning regulations

06Diaspora Oversight

Diaspora board representative has veto power over any decision that would reduce community benefit to below 30% of net programme revenue.

Source: CaribVista Haiti governance charter

07FONKOZE Payment Routing

All farmer payments routed through FONKOZE accounts. No cash payments. Creates audit trail and reduces extortion risk.

Source: FONKOZE partnership protocol // UN security guidelines Haiti

08Barbados/Cayman Asset Holding

Programme assets held in Barbados-domiciled holding structure. Political risk insurance through MIGA (World Bank Group) or CCRIF.

Source: Political risk mitigation // MIGA Haiti eligibility framework

04 // LEGAL FORMATION — HAITI

Dual Entity Formation with Barbados Holding

STEP 1

Incorporate Fondation (Non-Profit)

Code Civil d'Haïti + Loi sur les Associations sans but lucratif
Minimum 3 founding members required
Registration with Ministère de la Justice
Must state: no dividends, charitable purpose, community benefit
Notarization by Haitian notaire public

STEP 2

Incorporate S.A. (For-Profit)

Code Civil / Code de Commerce d'Haïti
S.A. = Société Anonyme (joint-stock company)
Registered at Registre du Commerce et des Sociétés
Minimum capital: HTG 250,000 (≈$1,800 USD)
All IP and assets immediately transferred to Barbados holding N.V.

STEP 3

Barbados Holding Structure

Barbados holding company (IAGRO SAT Caribbean Ltd) holds Haiti S.A. shares
Political risk insurance via MIGA (World Bank Group) — Haiti eligible
Force majeure transfer clause: board can reconvene in Bridgetown
CCRIF parametric insurance for hurricane disruption
Assets, IP, and receivables all held outside Haiti jurisdiction

STEP 4

MARNDR Partnership Agreement

MOU with Ministère de l'Agriculture for land access authorization
ODVA canal access agreement for Artibonite Valley operations
FONKOZE framework agreement for farmer payment routing
WFP Letter of Intent for food distribution coordination
CDB SFR grant application — Haiti Group A borrowing member

ESTIMATED TIMELINE: 10-14 WEEKS // FONDATION + S.A. + BARBADOS HOLDING // MARNDR MOU PARALLEL TRACK
SOURCE: CODE CIVIL D'HAÏTI // LOIS SUR LES ASSOCIATIONS // MARNDR LAND REGULATIONS // BARBADOS COMPANIES ACT

05 // ARTIBONITE VALLEY — INFRASTRUCTURE BACKBONE

Haiti's Rice Bowl — ODVA Canal Rehabilitation

The Artibonite Valley is Haiti's most productive agricultural region — responsible for 60% of national rice production at its peak. The ODVA (Office de Développement de la Vallée de l'Artibonite) manages an irrigation canal system covering 125,000 ha. Decades of underinvestment have reduced operating capacity. Rehabilitation — not construction — is the entry point.

EXISTING INFRASTRUCTURE

ODVA primary canal: 125 km main canal, 400+ km secondary
Designed capacity: 45,000 ha irrigated area
Current operational capacity: ~15,000-20,000 ha (deferred maintenance)
Pump stations: 12 stations, 6 partially operational
Rice milling infrastructure: 3 mill complexes in Verrettes and Desdunes

CARIBVISTA REHABILITATION PLAN

Year 1: 500 ha pilot in Verrettes commune (nearest ODVA head gate)
Year 2: Expand to 5,000 ha with secondary canal rehabilitation
Year 3-4: 18,000 ha — primary canal sections + 4 pump stations
Year 5: 34,000 ha full programme — partner with ODVA for 45,000 ha target
IAGRO SAT: canal water flow monitoring via Sentinel-1 SAR

125,000 ha

ARTIBONITE VALLEY TOTAL AREA

60%

HAITI RICE PRODUCTION AT PEAK

IRRIGATION CONSTRUCTION COST (REHABILITATION ONLY)

06 // FONKOZE INTEGRATION + DIASPORA CAPITAL

Haiti's Two Strongest Financial Infrastructure Assets

Haiti has almost no functioning public services, but two things work: FONKOZE's last-mile microfinance network and the diaspora remittance system. Both are larger than all foreign aid. CaribVista plugs into both.

FONKOZE INTEGRATION LAYERS

Farmer Working Capital

FONKOZE's Chemen Lavi Miyò (CLM) program provides ultra-poor households with productive assets and capital. CaribVista farmers qualify for CLM expansion targeting agricultural households.

Mobile Payment Infrastructure

Lajan Kach (money transfer) mobile banking reaches all 10 departments even in rural areas. All CaribVista farmer payments routed through Lajan Kach accounts — no cash payments, full audit trail.

Existing Branch Network

47 FONKOZE branches across Haiti. CaribVista operations coordinators co-locate in FONKOZE branches in target departments (Artibonite, Sud, Nord-Ouest). No new offices required.

Agricultural Loan Products

FONKOZE Kredi Agrikòl (agricultural credit) already serves smallholder rice and root crop farmers. CaribVista pilot farmers access working capital through established product — no new product development.

DIASPORA CAPITAL — $3.8B ANNUALLY

3.5 million Haitians live abroad — predominantly in the United States (Miami, New York, Boston), Canada (Montreal), France, and the Dominican Republic. They send $3.8B annually (2023) — more than twice all foreign aid to Haiti combined. This capital is patient, mission-aligned, and diaspora-directed. The Fondation structure with a diaspora board seat creates a direct investment channel.

$3.8B

ANNUAL REMITTANCES (2023)

3.5M people

HAITIAN DIASPORA SIZE

2× larger

REMITTANCES VS. FOREIGN AID

07 // SERVICE AGREEMENT PRICING

Six Services, One Contract — Haiti Scale

IAGRO SAT delivers crop monitoring, erosion risk mapping, hurricane damage assessment, deforestation detection, food security dashboards for WFP/FAO, and annual land use reporting. Haiti hurricane exposure (Category 1-5 active season) justifies the higher hurricane assessment budget.

SCALE
BASE FEE
PER HA
HURRICANE
TOTAL
EFFECTIVE

Pilot (500 ha)

$18K

$44/ha

$8K

$48K

$96/ha/yr

Phase 2 (5,000 ha)

$18K

$36/ha

$12K

$210K

$42/ha/yr

Full (34,000 ha)

$18K

$28/ha

$18K

$988K

$29/ha/yr

ARM'S LENGTH VALIDATION

At full scale, the $29/ha/yr rate is consistent with comparable full-stack services ($25-87/ha/yr range). The elevated hurricane assessment budget ($18K at full scale) reflects Haiti's extreme hurricane exposure — Category 4+ events every 3-5 years on average. Pricing validated against Farmonaut, EOSDA, Cropin. WFP and USAID food security dashboard services provide additional revenue channels for IAGRO SAT beyond the Fondation contract.

Sources: Farmonaut, EOSDA, Cropin, Planet Labs, WFP data services pricing, NOAA hurricane track data (HURDAT2)

08 // 5-YEAR REVENUE TRAJECTORY

Both Entities Become Self-Sustaining

Haiti's $7,500/ha programme pricing reflects the lower yield expectation vs. DR, but the programme is still financially sustainable from Year 1 at 500 ha. By Year 5, $95M annual net surplus funds regional food security and Artibonite canal expansion.

YEAR
HECTARES
CV REV
CV NET
SAT FEE
SAT TOTAL
SAT NET
FEE % REV

500

$3.8M

$950K

$48K

$75K

$-42K

1.28%

2,000

$15.0M

$4.5M

$144K

$210K

$18K

0.96%

8,000

$60.0M

$20.0M

$494K

$650K

$80K

0.82%

18,000

$135.0M

$47.0M

$762K

$980K

$130K

0.56%

34,000

$255.0M

$95.0M

$988K

$1.3M

$180K

0.39%

0.39%

IAGRO SAT FEE AS % OF
FONDATION REVENUE (Y5)

$95M

FONDATION NET SURPLUS
YEAR 5 (HAITI)

$255M

FULL PROGRAMME
ANNUAL REVENUE (Y5)

09 // CDB ENGAGEMENT

Total CDB Ask: $4M (SFR Concessional)

Haiti qualifies for CDB Special Fund Resources (SFR) — the most concessional terms available. The $4M CDB ask is calibrated to SFR thresholds. Co-financing from IDA (World Bank), IADB Haiti, and USAID Haiti activates an additional $25-45M.

$3M

TECHNICAL ASSISTANCE GRANT (SFR)

Fondation formation, MARNDR MOU, FONKOZE integration, 500 ha Artibonite pilot, farmer training, IAGRO SAT satellite monitoring deployment, UNDP audit Year 1

$1M

CONCESSIONAL LOAN (SFR RATE)

ODVA canal rehabilitation (pump station repair), seed inputs, basic processing. Repaid from Artibonite rice revenue. IDA Haiti co-financing available for canal works.

WHAT CDB GETS

A proof point that CDB's most vulnerable borrowing member can achieve food security through satellite-guided land recovery. Haiti at 34,000 ha reduces 80% food import dependency by an estimated 15-20 percentage points within 5 years. Feeds 850,000+ Haitian families. Provides CDB with a flagship SFR success story for its most difficult mandate: economic recovery in conflict-affected contexts.

$4M

CDB SFR SEED

$10-20M

IDA (WORLD BANK)

$8-15M

IADB HAITI PORTFOLIO

$5-10M

USAID HAITI

10 // THE VISION

Every Haitian Family Should Have Enough Food

Haiti has 80% food import dependency, 31.3% premature NCD death rate (highest in the Americas), and the CVD death rate of 427.7 per 100,000 — the worst in the Caribbean. This is not a natural condition. It is the result of decades of underinvestment in agriculture. The Artibonite Valley alone, at full capacity, could feed 4 million Haitians from domestic production. Satellite intelligence, FONKOZE financing, diaspora capital, and ODVA canal rehabilitation are the tools. The land is there. The will is there. The question is investment.

BB

Barbados

13,468

IDLE HECTARES

PILOT

JM

Jamaica

85,000

IDLE HECTARES

PHASE 2

TT

Trinidad & Tobago

22,000

IDLE HECTARES

PHASE 2

DO

Dominican Republic

48,000

IDLE HECTARES

PHASE 2

GY

Guyana

180,000

IDLE HECTARES

PHASE 3

SR

Suriname

95,000

IDLE HECTARES

PHASE 3

BZ

Belize

38,000

IDLE HECTARES

PHASE 3

HT

Haiti

34,000

IDLE HECTARES

PHASE 3

HAITI IMPACT: 5-YEAR PROGRAMME OUTCOMES

Food Security

34,000 ha activated. At $7,500/ha programme value, $255M annual food production. Estimated 850,000 families with improved food access. Import dependency reduced from 80% to 60-65%.

Employment

34,000 ha × 2.5 jobs/ha = 85,000 direct agricultural jobs. Including FONKOZE microfinance worker leverage: estimated 120,000-150,000 total livelihoods created.

Hispaniola Corridor

Artibonite surplus rice flows into Dominican Republic border market. DR organic exports flow back into Haiti. Joint CARIFORUM application could expand access to EU development assistance.

ALIGNED WITH CARICOM VISION 25 BY 2030 // HAITI SDG 2: ZERO HUNGER // CDB SFR MANDATE

CARIBVISTA HAITI DOSSIER

Executive Brief

The Haiti crisis + opportunity

Agriculture Feasibility

Costs, crops, terracing

Proof Annex

Every number sourced

Full Dossier

30 sections, satellite data

CaribVista | IAGRO SAT Caribbean // Entity Structure & Governance // Haiti // 2026-02-24

Fondation CaribVista Haïti is a proposed entity, not yet incorporated. IAGRO SAT Caribe Haïti S.A. is proposed.

Contact: partnerships@iagrosat.com