The past couple weeks have been extremely busy for us. We spent hours writing each class member’s business plan. It was challenging to go over their financials since most of them don’t keep any kind of records. We submitted the applicants to WSV and then prepared all the loan agreements for funding. John and I funded our class from Akakom on Tuesday and Ross and Jamie (the other set of interns) funded their class in Sankub
enase on Friday. They both went very well. Douglas spent time going over the terms of the loan agreement and each individual’s payment schedule. He was great at answering the questions they had. The class then formed two pods of five and elected a pod treasurer. The treasurer will gather the loan payments from each pod member at the first of each month. This makes the collector’s job easier as well as pressures the loan recipients to make their payments on time. In the villages that have a strong pod structure, we have an excellent collection rate. Once all the loan agreements were signed, we photographed each recipient, and then distributed the loans. It was a great experience and it was fun to see our class so excited. It was sad to say good bye to our class members. We hope they are successful in all their business endeavors. |
| John and I with the Akakom loan recipients. Douglas is pictured on the far left and Isaac (the collector for Akakom) is the tall one in the back. |
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