WOCCU In Ecuador Poverty Effort

Register now

The World Council of Credit Unions, Inc. (WOCCU), together with four Ecuadoran credit unions and Freedom from Hunger (FFH), are backing a project aimed at poverty alleviation in Ecuador using a three-year, $1 million grant from the Consultative Group for the Alleviation of Poverty.

The new grant will provide that through the introduction of the savings and credit with education (SCWE) product that has been successfully used in the WOCCU Philippines project. SCWE is a self-help implementation strategy developed by Freedom From Hunger to provide the poor in underdeveloped areas with financial services and education on basic health, nutrition and microenterprise development.

For info: www.woccu.org.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER