$41,000 Targeted for Turkish Agricultural Credit Cooperatives Devastated by February Earthquakes
Worldwide Foundation for Credit Unions provides grant for temporary office spaces
April 14, 2023
MADISON, Wis.—Worldwide Foundation for Credit Unions (WFCU) is providing a $41,000 grant to Tarim Kredi (Agricultural Credit Cooperatives of Turkey) for the purchase of ten portable office units that will allow some of their credit cooperatives to resume operations halted since two February 6 earthquakes caused significant damage to their permanent structures.
Four days after the 7.5 and 7.8 magnitude earthquakes struck southern Turkey, WFCU, in partnership with World Council of Credit Unions, launched its Turkish Cooperative Earthquake Relief Fund and worked closely with Agricultural Credit Cooperatives of Turkey to assess the greatest needs for their 150 cooperatives located in the impacted region.
After discussions between the two organizations, WFCU designed the $41,000 grant to cover the purchase of ten portable office units that will allow those credit cooperatives to help their member farmers continue agricultural production and keep themselves economically viable, while contributing to the food security of the earthquake-ravaged region.
The portable office units will also be used to house employees of the credit cooperatives who lost their homes in the earthquakes.
“We are thrilled that the global credit union community rallied to offer so much support for this effort in such a short period of time. It allows us to effect real change less than two months after we started the Turkish Cooperative Earthquake Relief Fund,” said Mike Reuter, Executive Director of Worldwide Foundation for Credit Unions.
With 1,617 cooperatives serving 800,000 members, Agricultural Credit Cooperatives of Turkey is not only the country’s leading agricultural credit cooperative but the largest agricultural organization in Turkey.
“On behalf of Tarım Kredi and my country, I would like to thank WFCU, WOCCU and the credit union community for the support they have shown since the first week of the disaster. We have been collaborating with WFCU to mitigate the impacts of the earthquakes. In order to continue the activities of our cooperatives which were destroyed or damaged, and to create a safe environment for our staff, we will send ten portable office units to quake-hit cities thanks to the Turkish Cooperative Earthquake Relief Fund,” said Okan Ateş, Deputy Director General of the Central Union of Agricultural Credit Cooperatives of Turkey.
Worldwide Foundation for Credit Unions continues to raise money through its Turkish Cooperative Earthquake Relief Fund and will work with Agricultural Credit Cooperatives of Turkey to identify future opportunities to assist the organization with its recovery and rebuilding efforts.
The Worldwide Foundation for Credit Unions is the partner organization to the World Council, established to advance the shared vision of expanding financial inclusion through a vibrant and growing global credit union system. Join us on a global journey to transform a billion lives worldwide using credit unions. Visit www.doglobalgood.org to start your journey today.
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 90 countries. Worldwide, 82,758 credit unions in 97 countries serve 404 million people. Learn more about World Council's impact around the world at www.woccu.org.