According to WOCCU, the GROW Project will work to assist more small farmers like Nadiya (pictured), who received a credit union loan through the USAID/WOCCU CAP Project. (Credit/WOCCU)
On Monday, the World Council of Credit Unions (WOCCU), in partnership with the U.S. Agency for International Development (USAID), announced the launch of a four-year, $10 million initiative designed to expand access to financing through credit unions for Ukrainian business owners.
Funded by USAID, the GROW Project will target individuals looking to start a business as well as existing legal entities looking to expand their operations, WOCCU said. Continuing much of the work started by the WOCCU/USAID Credit for Agriculture Producers (CAP) Project in Ukraine, which began in 2016 and closes in September 2024, the GROW Project will work with credit unions to assist entrepreneurs, as well as micro, medium and small enterprises (MSMEs), cooperatives, farms and other individuals in rural areas of the country.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
