And the European Ambassador was busy yesterday; she went from Altun Ha to the La Immaculada Credit Union in Orange Walk. That's where the European Union is funding the accompanying measures for sugar. It's a kind of export substitution as the guaranteed European Market for sugar from African, Caribbean and Pacific countries is eventually eliminated, or to use the first world term, "liberalized."
So the EU is making low cost credit available to fund small businesses that diversify the earnings potential of northern residents. The Project Coordinator explained..
The Credit Union recently won an award for excellence in microfinance at the 2nd Annual Citi Micro entrepreneurship Awards.
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