Leopard Capital - Press Release | 15 July 2014
Port-au-Prince, Haiti – Leopard Capital announced today that it has provided USD 1,750,000 to Veerhouse Voda Haiti S.A., a manufacturer of eco-friendly, disaster-resilient buildings in Haiti. Veerhouse Voda’s competitively priced building solutions combine lightweight steel frames, expanded polystyrene (EPS) walls, and a patented mortar mix. This system produces a permanent structure highly resistant to earthquakes, hurricanes, fires, and floods, and naturally insulated from the tropical heat.
Leopard Capital’s investment in Veerhouse Voda will be made through Leopard Haiti Fund (“LHF”), and is in the form of a debt instrument with participation features. The investment will finance Veerhouse Voda’s establishment of a local factory in Haiti that will enable the company to improve its efficiency, cut its costs, fulfill orders quicker, and create jobs in a country with 60% unemployment.
Veerhouse Voda’s new factory will produce pre-engineered residential and commercial buildings as well as EPS products for the local market. The new factory and business expansion is projected to create over 80 direct and 2,000 indirect new jobs.