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October 05, 2005

WOCCU-ACCION Presents Savings Mobilization Seminar in Bogota

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With the participation of 18 staff from ACCION International, the Savings Mobilization seminar presented by World Council of Credit Unions, Inc. (WOCCU) experts took place in Bogotá from September 26th – 29th, 2005. Representatives from Bolivia, Canada, Colombia, Ecuador, El Salvador, Honduras, Nicaragua, Paraguay, Perú and the USA attended the event. The workshop, which is part of the learning agenda in the WOCCU-ACCION Project financed by USAID, facilitated the transfer of methodologies and techniques for the Mobilization of Savings in microfinance entities and was based on credit union experiences.

WOCCU works with ACCION International to strengthen the capacity of credit unions and microfinance institutions in a three-year, US$2.5 million dollar program. The project combines the experience of both organizations to expand the market outreach and the range of savings and credit services offered to low income microentrepreneurs in Colombia, as well as introduce microlending technologies into credit unions.

World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.

World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 56,000 credit unions in 101 countries serve 200 million people. Learn more about World Council's impact around the world at www.woccu.org.

 



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