Ukrainian farmers receive free fuel through Worldwide Foundation for Credit Unions program
More than 17,000 gallons of diesel fuel is being distributed to credit union member farmers in Ukraine free of charge, as part of Worldwide Foundation for Credit Unions (WFCU) ongoing relief activities there.
Fuel remains in scarce supply in Ukraine due to Russia’s continued aggression, which means the price of diesel also continues to increase. Under the Fuel Disbursement Program, WFCU tapped its Ukrainian Credit Union Displacement Fund to purchase $100,000 worth of diesel from Ukrainian national fuel station chain OKKO, and provided a total of 1,329 free fuel coupons to Ukrainian small- and medium-sized farmers who took out agricultural loans at credit unions that partner with the USAID/WOCCU Credit for Agriculture Producers (CAP) Project.
One hundred and sixty-three farmers with loans through 15 CAP-associated credit unions in Ukraine were able to access the coupons, allowing them to get the fuel just in time to sow their winter crops. Those farmers are responsible for taking out 30% of all agricultural loans issued by Ukrainian credit unions since the start of the full-scale Russian invasion on February 24.
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