Worldwide Foundation Celebrates Success of Programs in Haiti
Anderson House reception brings global "Champions" together
March 10, 2019
WASHINGTON, D.C.—The Worldwide Foundation for Credit Unions, the charitable arm of the World Council of Credit Unions (WOCCU), recognized its decade-long development partnership with Haiti at its annual reception for “Champion” supporters on Mar. 10. This year’s celebration, held at the Anderson House on Embassy Row, also provided Champions with a look at the upcoming work WOCCU will be doing to provide prosperity to thousands-more Haitian members through the credit union model.
Claude Clodomir, project director for WOCCU’S Haiti Home Ownership and Mortgage Expansion (HOME) initiative, provided an update on how the project has leveraged $1.6 million in USAID incentives to local developers and financial institutions. Those incentives have stimulated $15 million worth of local capital investment in housing developments, allowing many low- and middle-income Haitian families to achieve their dream of homeownership for the first time.
"We are on the verge of creating a revolution in the housing sector," Clodomir told the crowd of Champions. "I've been working for World Council since 2010 and I can tell you, in my experience as a Haitian, access to financial services is the key to successful development there."
“The capacity of World Council’s International Development Programs is supported by the Worldwide Foundation through its Priority Fund to expand and grow its project development team’s ability to acquire and grow projects, like Haiti HOME, in partnership with USAID," said Michael Reuter, executive director of the Worldwide Foundation for Credit Unions. "The end goal is to continue to offer financial inclusion to millions-more members through the credit union model. It’s our mantra of Doing Global Good."
Our Champion reception brought more than 400 credit union professionals together from across the U.S. They all share the philosophy that supporting the global credit union system is both good for business and for advancing the credit union philosophy of “People Helping People.” The reception is one of two signature events the Foundation offers its Champions to network and see the impact of their support through specific development projects.
Another Champion reception will be hosted in the Bahamas during the World Credit Union Conference on July 29. That celebration will highlight the Foundation’s disaster-relief efforts in partnership with the Caribbean Confederation of Credit Unions and its members.
The Worldwide Foundation for Credit Unions is a registered 501c3 nonprofit organization and the official fundraising and gift-receiving organization for the World Council of Credit Unions. The Foundation offers global engagement opportunities to credit unions and professionals that foster educational and impact on themselves and their global peers to expand cooperatives worldwide.
World Council of Credit Unions is the global trade association and development platform 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 300+ technical assistance programs in 89 countries. Worldwide, 89,026 credit unions in 117 countries serve 260 million people. Learn more about World Council's impact around the world at www.woccu.org.