On Monday 30th of November, the Village Bank which was coming together in Unión Perú finally became official. They chose three of the youngest women to be the board of directors, the elder ones claiming that they already had experience in these kinds of roles, and it was time for the younger ones to learn.
A brief discussion among them led the group to choose the name ‘Sagrado Corazón de Jesús’ (Jesus’ Sacred Heart) for their Village Bank. This kind of religious names are very common among Village Banks of all MFIs in Peru.
Finally, all members of the group signed the ‘Acta de Constitución’, where they officially declared that they would work together as a group for the common purposes of improving their economic and social situation.
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