WASHINGTON — A $2.4 million grant from the U.S. Agency For International Development will help the World Council of Credit Unions create a new forum for Bolivian credit unions to collaborate with microfinance entities.
WOCCU said it would use the grant money to help form the Association of Financial Sector Trade Associations to unite microfinance trade associations, including World Council member Asociaci?n T?cnica de Cooperativas, to foster cooperation and growth in Bolivia. The new association will participate in shared lobbying efforts, networking and training.
"Our overall objective is to empower Bolivian professionals and financial institutions through training and assistance to extend their outreach," said Rolando Salazar, Bolivia project director for WOCCU. "Ownership is the key to long-term sustainability."
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