Laws: Cases and Codes : U.S. Code : Title 22 : Section 2151i


   
U.S. Code as of: 01/19/04
Section 2151i. Development and use of cooperatives

      In order to strengthen the participation of the rural and urban
    poor in their country's development, high priority shall be given
    to increasing the use of funds made available under this chapter
    for technical and capital assistance in the development and use of
    cooperatives in the less developed countries which will enable and
    encourage greater numbers of the poor to help themselves toward a
    better life. In meeting the requirement of the preceding sentence,
    specific priority shall be given to the following:
      (1) Agriculture
        Technical assistance to low income farmers who form and develop
      member-owned cooperatives for farm supplies, marketing and
      value-added processing.
      (2) Financial systems
        The promotion of national credit union systems through credit
      union-to-credit union technical assistance that strengthens the
      ability of low income people and micro-entrepreneurs to save and
      to have access to credit for their own economic advancement.
      (3) Infrastructure
        The support of rural electric and telecommunication
      cooperatives for access for rural people and villages that lack
      reliable electric and telecommunications services.
      (4) Housing and community services
        The promotion of community-based cooperatives which provide
      employment opportunities and important services such as health
      clinics, self-help shelter, environmental improvements,
      group-owned businesses, and other activities.



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