On Thursday 12th of November the SOLAC microfinance team held the second meeting with the potential beneficiaries of Unión Perú, which culminated with the formation of the first Asociación Solidaria (ASOL). The group consists of 13 women and 1 man, who all signed up with their personal details and required an amount for their loan.
The meeting was also attended by Jorge Ramos, the general coordinator of the NGO AVSI, who came to present to the participants the content of the workshops on entrepreneurship that their are going to hold before and during the loan term.
After his presentation we came to the conclusion that, whilst the loans will only be given to the members of the newly formed group, the workshops will be open to more people, in order to extend the benefits of the project.
Over the next week, MF SOLAC will proceed to individually evaluating all those who have signed up, to see whether their economic situation will allow them to repay the loans, and exactly what amount they would be able to handle to start off with. Aside from personally visiting the participants and filling socio-economic forms with them, we will also enter their details in Infocorp, a data bank which registers the credit history of anyone who's ever taken out a loan from any institution in Peru.
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