Financial and Business Services for Remittance Recipients

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The general objective of this project is to develop products and financial services for remittances recipients in the Credit Cooperative AIRAC. This project promotes new international remittances exchange systems based on technology and communications and takes advantage of the current platform that is being implemented. This project not only seeks reducing the cost of transferring remittances but also leveraging the multiplier effect of remittances upon local economies by banking the users of the system and channeling the resulting profits towards the migrants communities of origin. This in order to contribute to a greater extends the development of the productive sector.