Worldwide Foundation Activates Disaster Relief Fund for Solomon Islands
Credit Unions Asked to Reach Out
Two Solomon Island credit union members pose for a photo during a CUFA education program. Photo taken before the tsunami. Photographer: Peter Mason, CUFA
Madison, WI—World Council of Credit Unions'
Worldwide Foundation has activated its disaster
relief fund in an effort to help Solomon Island
credit unions damaged by the tsunami that struck
there on April 2nd.
"The western and Choiseul Provinces
one of the worst natural disasters in the
country's history after a massive undersea
earthquake sent a tsunami crashing into the
provinces, destroying most of Gizo's business
and killing 20 people. Officials expected the
news to get worse, where huge waves churned by a
massive earthquake wiped out two villages,"
reported The Solomon Star.
Solomon Island home (Photo taken before the tsunami) Photo provided by CUFA
Donations will help rebuild credit unions and
savings clubs, replace equipment, reconstruct
member accounts and make available small loans
that enable members to rebuild their
livelihoods. WOCCU is partnering with the Credit
Union Foundation of Australia (CUFA) in creating
a joint appeal to raise funds to assist the
credit unions, savings clubs and members
affected in the western province.
Credit union and savings club members have
their homes and livelihoods in the devastation
caused by the tsunami. More than 4,000 people
are reported homeless. Thus far, CUFA staff
members in the field have reported that three
credit unions and four savings clubs were
damaged on the island of Choiseul. In the
capital city of Gizo, there were two savings
clubs affected. On the outer islands of Big
Soltai and Noro Kenarry eleven savings clubs and
fourteen credit unions were damaged.
Brian Branch, World Council chief operating
officer and CUFA staff members will be in the
Solomon Islands in two weeks to evaluate how
and CUFA can work together to assist credit
unions in rebuilding and aid the Solomon Islands
Credit Union League.
To support the international credit union
disaster relief fund to rebuild Solomon Islands
credit unions, send donations to:
Worldwide Foundation for Credit Unions
5710 Mineral Point Road
P.O. Box 2982
Madison, WI 53701-2982
Funds may also be wired. Contact Valerie
Breunig at 608-231-7353 or firstname.lastname@example.org
for wire instructions.
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, 51,000 credit unions in 100 countries serve 196 million people. Learn more about World Council's impact around the world at www.woccu.org.