USAID-funded Laptops Delivered to Ukrainian Credit Unions
2024-08-19
CAP Project Chief of Party Ewa Sierzynska presents a laptop from USAID
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The USAID/WOCCU Credit for Agriculture Producers (CAP) Project in Ukraine this month held a formal meeting with partner credit unions to present them with laptops purchased by USAID.
The event was attended by representatives of USAID Ukraine, WOCCU's direct member Ukrainian credit union associations and individual credit unions that partner with the CAP Project.
"We are sincerely grateful to friends from all over the world for their invaluable support of Ukrainian credit unions in this difficult time. Your help and trust inspire us to work even harder to develop our community and strengthen our country's economic stability," said Mr. Yevhen Chernenko, CEO of Christian Fortress Credit Union, based in the Dnipro Oblast.
The laptops will contribute to the stability and expansion of credit unions to provide much-needed financial services to small agribusinesses and farmers. In particular, these new technological capabilities will ensure uninterrupted service, improved data security and increased operational efficiency for the institutions.
This is remarkably important at this critical time, as Ukraine faces major challenges due to Russia’s ongoing war, including prolonged periods of power outages and limited access to critical infrastructure.
Since 2021, under the Liquidity Fund seeded by USAID and managed by CAP, these institutions issued more than 1,500 loans amounting to over UAH 90 million and continue working despite difficult conditions.