The shrinkage of commercial bank loans in El Salvador has prompted government policy makers here to develop economic policy and payments system support for credit unions and financial cooperatives.
Through its Proyecto de Asistencia T?cnica al Microfinanciamiento Rural (PATMIR)
The Russian Credit Union League is preparing its members to meet new regulatory standards and create a self-regulatory framework by later this year.
Thanks to the installation of high-powered computer servers and the use of handheld transaction devices like PDAs, Mexican credit union Caja Yanga is experiencing a 15% monthly growth rate.
After confirming that all 16 of its project staff members working on-site in Haiti were safe and uninjured after the earthquake rocked the island Jan. 12,
World Council of Credit Unions Executive Vice President and COO Brian Branch and Dave Richardson, the WOCCU senior manager who oversees the Haiti program, entered Haiti today to deliver much needed supplies for the program's 16 staff members.