TORONTO, ON--(Marketwired - January 16, 2014) - Christian Children's Fund of Canada (CCFC) signed a partnership agreement with DUCA Financial Services Credit Union Ltd. on January 14, 2014. As part of this agreement, CCFC will receive a donation of $100,000 over the next four (4) years on behalf of DUCA. The funding will support innovative projects in Latin America, Asia and Africa.
At the commitment ceremony, held at DUCA's head office in Toronto, CCFC and DUCA launched four (4) potential projects of which one (1) will receive the first initial investment of $25,000, which will cover the cost of planning, implementation, and training for local community members to ensure the long-term sustainability of the project.
"We sincerely appreciate the generosity of DUCA Financial Services Credit Union Ltd. in recognizing the growing need for efficient and reliable renewable energy in the developing world," said Mark Lukowski, CEO of Christian Children's Fund of Canada. "DUCA's commitment will have a significant and positive impact on the lives of children and families we support."
The general public will vote for the project that they deem feasible in providing sustainability, economic growth, and community development. The four (4) projects under consideration include:
- Project 1: providing renewable biogas energy to a community of more than 12,000 people in Ethiopia;
- Project 2: an income-generating solar panel electricity project for youth and adults in India;
- Project 3: investing in a solar powered Northern Ghana village to benefit 750 people; and
- Project 4: solar powered street lighting systems for rural India.
On January 20, voting will open on the DUCA website at www.duca.com and will run until February 14. The winning proposal will be announced on February 17 on the DUCA and CCFC website.
Richard Senechal, CEO and President of DUCA, is enthusiastic about this new initiative. He states: "At DUCA, we have a history of giving back to our Members and community, something that we are truly proud of. We are excited to partner with CCFC in this initiative, as it will provide an opportunity to expand our impact of giving beyond our borders and create a long lasting change for thousands in need."
About Christian Children's Fund of Canada:
CCFC is a member of ChildFund Alliance, a worldwide group of 12 child-focused development organizations working in 58 countries to implement long-lasting and meaningful changes for children and families. For more than 50 years, CCFC has been helping children and families of all faiths move from poverty to self-reliance.
About DUCA Financial Services Credit Union Ltd.:
DUCA is a full-service financial institution serving a membership of 42,000 in the Greater Toronto Area with 15 branches. DUCA offers full daily banking services, market-leading lending products, investments, and commercial lending. DUCA is owned by its Members who annually share in its profits and practices the cooperative principle of helping people to help themselves.
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