Ukrainian Crisis Response

 

Stay updated on the state of
Ukraine's credit union system

World Council created this page as a resource for the latest news and information about how credit unions in Ukraine are faring in the face of the Russian invasion, and how the worldwide credit union movement is responding to help them. All of the content is provided by World Council, its members, or their affiliated credit unions and financial cooperatives. To share information from your organization on this page, please email us at communications@woccu.org. To make a donation to to Worldwide Foundation for Credit Unions' Ukrainian Credit Union Displacement Fund, click here

USAID Ukraine Highlights Success of Joint Liquidity Fund with Worldwide Foundation for Credit Unions

Russia’s brutal invasion of Ukraine has created severe hardships for the country’s farmers, but they remain resilient and determined to deliver this year’s harvest.

Since the start of the war, USAID has helped 115 small agribusinesses obtain loans from credit unions totaling UAH 12.6 million (approximately $430,770). The loans are provided by Ukrainian credit unions and backed by a $1 million liquidity fund established in 2021 by USAID and Worldwide Foundation for Credit Unions.

The majority of the loans disbursed during the war are supporting the sowing campaign in Dnipropetrovsk, Cherkasy, Rivne, Khmelnytskyi, Ternopil, Lviv, Ivano-Frankivsk and Zakarpattia oblasts.

“Maintaining food supply chains for Ukrainian citizens is task number one today,” said the leader of a Ukrainian credit union supported by USAID. “In these difficult times for our country, together with international partners, we are doing our best to help our members, especially farmers.

This post was written by USAID Ukraine and originally appeared in a June 3 post on the mission's Facebook page.