Turkey’s Central Union of Agricultural Credit Cooperatives took a series of measures to protect its members against COVID-19 and helped primary cooperatives continue their grassroots work. All enforcement and bankruptcy proceedings carried out throughout the country have been suspended as of 30 April 2020. The union offered flexibility on loan payments. A force majeure note was recorded in the Register in the Risk Center to address farmers credit debt. Loan principal and interest amounts set to expire in April and May will be postponed for 2 months without interest.
The Indian Farmers Fertilizer Cooperative (IFFCO) continues to operationalize all its plants during the lockdown period. IFFCO’s managing director called an urgent meeting of its leadership to encourage all to take necessary steps to support cooperatives and rural communities in the fight against the pandemic. IFFCO is taking a multi-pronged approach to address a plethora of challenges, starting with contributing INR 250 Million (approx. USD 3.5 million) to a special fund created by the Prime Minister of India to tackle the crisis.
India’s Self-Employed Women’s Association (SEWA), members of the International Health Cooperative Organization (IHCO) and the International Organization of Industrial and Service Cooperatives (CICOPA) were among the first to respond to the pandemic highlighting the impact of the crisis on informal workers, identifying it as a double pandemic with people potentially losing both their lives and livelihoods.