KIEV, Ukraine–Brian Branch, CEO of the World Council of Credit Unions (WOCCU), met with officials here to discuss the status of the Credit for Agriculture Producers
(CAP) Project, a four-year initiative by USAID that runs through 2020 and which is being implemented by WOCCU with oversight and technical assistance from Volunteers for Economic Growth Alliance (VEGA).
According to WOCCU, Branch met with the CAP Project team and credit union professionals in Ukraine to discuss capitalizing on market opportunities, expanding memberships and improving liquidity.
The purpose of the project is to strengthen the credit union sector in Ukraine to improve the quality of the financial services and products offered to farmers and agribusinesses in rural areas in Ukraine, according to WOCCU.
“The CAP Project will support broad-based resilient economic development through a multi-faceted approach to further develop Ukraine’s credit union sector,” WOCCU said. “In order to achieve its objectives, the CAP Project, with support of international, credit union experts and volunteers, will work closely with the National Commission on Regulation of Financial Services Markets and the two credit union associations: the All-Ukrainian Credit Union Association (AUCUA) and Ukrainian National Association of Savings and Credit Unions (UNASCU).”