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Wednesday, December 8, 2004 - The Government of St. Lucia, through the Ministry of Physical Development, Environment and Housing has begun providing Micro Housing Credit Technologies training to financial institutions here.

Mahindra Satram-Maharaj, a micro credit specialist in the Caribbean specialising in micro-financing has been contracted to carry out a four-day course aimed at training 10 financial institutions on how to appropriately use Housing Micro Credit Technology in their dealings with the poor and low income households in St. Lucia.

“It’s a brilliant programme I must say, coming out from the government of St. Lucia in ensuring that there is improvement in the standard of living in the poor and low income households in, to ensure these people come out of poverty with dignity”, said Mr. Maharaj, noting that the specialised training taking place among the financial institutions would provide a service to assist people in getting out of poverty.

“This is not a programme of handouts from the government. Very wisely they are looking at a programme of hand holding, which is quite different, and instrumental for the sustainable development of the poor in St. Lucia.”

The four day training programme involves 15 training modules, and financial institutions are being encouraged to pursue an incremental building process to ensure the success of the initiative.

 

 


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