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Project name: Modernization of the Bulgarian Mutual Kassa System

Start date: 30.9.1999

End date: 30.4.2003

Project description:
The project goal was to strengthen and modernize the Bulgarin Mutual Kasa System in order to achieve financial viability and institutional and financial self-sustainability. Throughout the life of the project it worked with 13 cooperative financial institutions — 5 community based credit cooperatives (called Popular Kasas) and 8 employee based credit unions (called Mutual Kasas). Project trained managers, members of the boards of directors and staff of the popular and mutual kasas at 11 different technical courses, covering aspects of risk managements, financial analysis and operations management.

Implementer: World Council of Credit Unions (WOCCU)

Funding: $1,890,000