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BUSINESS BRIEFS: Western Union extends $60k to empower women

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KATHMANDU, Nov 21: Western Union has extended a sum of US$ 60,000 for implementation of projects on raising the financial literacy rate of women in rural Nepal. The fund, which was raised by Nepali agents of Western Union and the Western Union Foundation, was handed over to Mercy Corps Nepal, an international NGO, amidst a function in Kathmandu on Tuesday.



Mercy Corps Nepal will run the project in two eastern districts of Panchthar and Bhojpur for a period of one year. “It will benefit 1,200 women in the two districts,” Sanjay Karki, country director of Mercy Corps Nepal, said, informing, “Most of the money would be used on training women to empower and enable them to be financially independent.”[break]



Patricia Riingen, Western Union senior vice president for East and South Asia, said the contribution made by the company was a small step toward helping underprivileged women and bringing economic opportunities closer to their homes.



Since its inception in 2001, the Western Union Foundation, the philanthropy arm of the global remittance company, has provided $230,000 in grants to 15 projects in Nepal to support education and create economic opportunities. Half of the projects were co-funded by Western Union agents, according to the company, which has been operating in the country for last one and half decades.



LG voted most trusted brand in India



KATHMANDU
: LG has been voted the most trusted consumer durables brand in India. According to a company statement, the announcement was made in ´Brand Trust Report 2012´ published by Trust Report Advisory. "The report reflects the commitment levels of LG to provide quality products to the consumers. It acknowledges brands that the consumers put on the highest pedestal of trust based on their conviction that the brands provide unmatched quality products," the company said, adding, "With highest levels of innovation backed by breathtaking style and design and unparalleled performance, LG has been successful in winning the hearts of the consumers year after year."



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