AVSF was chosen by Crédit Coopératif to receive the second Solidarity Quota (QPS) applied to its most-recent bond issue. QPS is an innovative mechanism for solidarity-based financing, whereby the rate is fixed at 0.02% of the amount borrowed. The mechanism, which was created by Crédit Coopératif in 2010, is intended to promote development. In this case, 10,000 euros, or 0.02% of the 50 million euros borrowed, will be allocated to support AVSF’s activity in Mongolia.
Women spinning yak fiber
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