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Corporate Initiatives
El Tiempo Latino
March 18, 2005
Translated by PADF
PADF and Banco Agrícola Re-launch Community Assistance
A new call for proposals for Salvadoran groups living in the Washington region to be able to solicit funds for projects in their areas of origin through the Program Manos Unidas por El Salvador was launched by representatives of the Pan American Development Foundation (PADF) and Banco Agrícola de El Salvador (Banagrícola) in a ceremony that took place in Washington, D.C.
Manos Unidas promotes remittances for development in El Salvador and strengthens the impact that family remittances sent through Banagrícola by thousands of nationals living in the United States to development projects related to education in El Salvador. Banagrícola gives a certain percentage for each remittance and PADF manages these funds and offers training sessions and other resources to Salvadoran immigrant groups.
“We hope that this year will be better than last,” expressed Ernesto Magaña, president of Banagrícola.
The projects have been developed in rural areas across El Salvador through the Program ALCANCE financed by USAID.
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