The GROW Project in Ukraine

The GROW Project in Ukraine (2024-28) is a $10 million initiative implemented by World Council of Credit Unions (WOCCU) and funded by the United States Agency for International Development (USAID). Building on the successes of the USAID/WOCCU Credit for Agriculture Producers (CAP) Project (2016–2024), GROW seeks to increase credit union liquidity to make business financing more available, improve the enabling environment for credit union operations, deepen the technical capacity of credit unions to provide and promote financial services, and address the specific challenges faced by women and other vulnerable populations in accessing financing for business development. It also includes the development of GROW Hub, a virtual platform designed to provide resources for credit union employees. In its early phases, advocacy efforts have already resulted in significant reforms, with Ukrainian President Volodymyr Zelenskyy signing amendments to the Law on Credit Unions in November 2024, streamlining licensing processes and improving the operational flexibility of credit unions.