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Contact:
Ryan O’Brian
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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