On the 21st of November, the SOLAC microfinance team was informed that some more funding was being deposited by one of our most regular supporters, the French NGO Education World, to help our project along. This funding means that we are able to open the second Village Bank which we were planning to have as part of the Pilot Project, in Santa Isabél de Huachipa.
The following week we thus went to promote the project in the community of Santa Isabél, and organized a meeting for Friday the 27th for all those interested in knowing more about the project. As we had done in Unión Perú, in the meeting we explained the basis of Microfinance, and already has about a dozen people sign up as a group.
We then arranged a second meeting for Monday the 30th with those who had signed up, to explain in detail to them how SOLAC’s microfinance project is going to develop over the next six months. That day, a group of representatives of AVSI and other institutions collaborating with and funding them came to visit the community of Santa Isabél.
After the second meeting with the potential group, we visited them in the next few days to evaluate their economic situation and saving capability. In the mean time, a couple more people joined the group. We arranged to meet again on Friday 4th of December for the first official meeting, where the group will sign the ‘Acta de Constitución’, elect their board of directors, and choose a name for the Village Bank.
.JPG)
No comments:
Post a Comment