MEDA awarded local grant for Techno-Links project

FOR IMMEDIATE RELEASE

January 8, 2013

WATERLOO, ON – Waterloo, ON-based MEDA (Mennonite Economic Development Associates) has been awarded a grant from The Kitchener and Waterloo Community Foundation (KWCF) - The Jim and Sue Hallman Family Fund. The $20,754 grant will support MEDA's Techno-Links program.

Operating in Peru, Zambia, and Nicaragua, the three-year DFATD-funded project will provide 235,000 small farmers and enterprises with increased access to new technologies and branchless banking services so they can improve their production techniques, leading to higher yields and incomes. Rural men and women are able to create strong sustainable livelihoods for their families and rise out of poverty.

"We are pleased that the Jim and Sue Hallman Family Fund has chosen to help us create business solutions to poverty," said MEDA president Allan Sauder. "I greatly appreciate the trust of local community organizations. We are honoured to be selected for such a generous grant, which will contribute to Techno-Links' continued success."

For more information please contact Linda Whitmore (lwhitmore@meda.org) or Jaclyn Stief (jstief@meda.org) at 519-725-1633.

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MEDA is an international NGO founded in 1953 that provides technical expertise in subsector and value chain analysis, market linkages, financial services (rural finance, deposit mobilization and youth & financial services), health systems, and financial institution capacity development. MEDA's expertise cuts across sectors, working with vulnerable and underserved populations like youth, low-income women, and rural populations.