Dominica Credit Unions to Support Infrastructure Rehabilitation Works with Financial Grants from CCCU

The Caribbean Confederation of Credit Unions (CCCU) has signed grants agreements with the Dominica Co-operative Societies League Ltd (DCSLL), to the tune of EC$216,000.00, to assist its affiliates in the reconstruction process. From this initial disbursement, the National Co-operative Credit Union Ltd (NCCU) will benefit from a grant of EC $186,000 to assist Rehabilitation works for its Veille Case, Paix Bouche, La Plaine and Grand Fond Branches, while the St. Mary’s Co-operative Credit Union Ltd.(SMCCU) will be assisted with a grant of EC$30,000.
 
General Manager of the Caribbean Confederation of Credit Unions (CCCU) Mr Ralph Wharton stated that “the CCCU had also made a major contribution to the overall rebuilding effort in Dominica, through the donation of 10 tents and 400 chairs valued at US$40,000 to the Government, to help get the schools system operational. Efforts were also ongoing to mobilize resources to assist the League itself. The drive for assistance will continue, and we urge our Associates to continue to make donations as we strive to ensure that Dominica is well positioned to return to normalcy.”
 
Manager of the League Mr Phoenix Belfield highlighted the critical role of the League as the APEX body for Co-operatives in coordinating and rendering assistance to its affiliates at this time of great need. He noted that “this timely intervention by the CCCU and its Regional and International Partners was indicative of the strong ties and levels of support towards the alleviation of the plight of the people of Dominica.”
 
Other Regional Credit Unions and Leagues have also provided support in the form of cash and relief donations to the credit unions in Dominica. Belfield said “the League will continue to seek financial and non-financial relief assistance for its affiliates, as well as the development of strategic alliances, in order to ensure a more sustainable and resilient development model for the movement, as it forges ahead to reposition itself to confront the challenges of tomorrow”.