Michel Martelly 2007, he moved back to Haiti. In the process, when the mortgage/financial sector crashed, he defaulted on more than $1m in loans, losing 3 properties to foreclosure. Following the magnitude 7.0 earthquake hits Haitian capital of Port-au-Prince in January 2010, Martelly ran for President of Haiti in the general elections. He benefited from his celebrity status as a musician, and held musical rallies called koudjay (musical political endorsement rallies), drawing crowds and media attention. He challenged the results as to whether he placed second, making the runoff, or third. On 3 February 2011, it was announced that he would participate
James Michel and Risk & Disaster Management. Seychelles' opposition leader, Wavel Ramkalawan, expressed increased concern over the declining trends in the national economy and demanded more dialogue with the ruling party. The leader of the Seychelles National Party furthermore said that he would be cooperating with President Michel. Michel won the presidential election held on 28–30 July 2006, taking 53.7% of the vote. He was sworn in for his new term on 1 August 2006. Michel won re-election in May 2011, receiving 55.4% of the vote. He was sworn in for his new term of office on 22 May 2011. In early