WOCCU Gets $1.5M Grant For Work InMexico

January 02, 2005, 1:00 a.m. EST 1 Min Read

WASHINGTON - (01/02/06) The World Council of Credit Unions(WOCCU) has been awarded a $1.5-million grant by the U.S. Agencyfor International Development (USAID) to continue its worksupporting Mexico's microenterprises and entrepreneurs via betteraccess to high-quality financial services. The grant will extend bytwo years a program WOCCU has in place with Caja Popular Mexicana,Mexico's largest savings and credit cooperative, in which WOCCU isproviding technical assistance and training. The World Council hasbeen credited with helping Caja Popular Mexicana to bring anadditional 500,000 Mexicans into the country's financial system andbringing affordable remittance services to 82,000 members duringthe first eight months of 2005.

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