Co-operative partnership brings relief to Belizean Credit Unions affected by Hurricane Lisa

Published by [email protected] at April 11, 2023

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Posted: Tuesday, April 11, 2023. 6:53 am CST.

By Breaking Belize News Staff: Credit unions in Belize are receiving aid to help them recover from the damage caused by Hurricane Lisa. The Belize Credit Union League (BCUL) is leading a cooperative effort with the Worldwide Foundation for Credit Unions (WFCU) and the Caribbean Confederation of Credit Unions’ (CCCU) Development Foundation to provide funds for repairs to properties damaged by the hurricane.

BCUL provided a grant of US$20,000, while WFCU and CCCU’s Development Foundation each provided matching grants of $10,000. The funds were used to deliver just over US$40,000 to 50 members of Holy Redeemer Credit Union and St. John’s Credit Union Limited, with the help of the Belize City Council.

The November 2022 storm affected over 172,000 people in Belize and caused extensive damage to more than 5,000 houses. With the support of WFCU and CCCU, BCUL has been able to positively impact the lives of 50 residents of Belize City, providing critical assistance to some of the region’s most vulnerable members.

The Belize Credit Union League has expressed its gratitude to the cooperative partners, stating that their donation has truly made a difference in the lives of the affected members. The collaborative effort is a testament to the power of cooperative values in helping communities recover from natural disasters.

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