What kind of ongoing oversight is there over the borrowers?
After the loan is administered, we visit the borrowers home or place of work the following week to see that they have made their purchases according to their plan of investment. We also visit each borrower in their home or place of work at least once a month to check up on them and see how they are doing. All borrowers are also part of a Bible study meeting that meets every two weeks. During these meetings, there is a brief time where each borrower shares what they have done with the loan, and how their investment is going. The Bible studies are hosted by Mario Mendez, a fellow SI missionary, pastor, and acting community veterinarian. Mario already has an animal cooperative and savings program functioning within these groups. These meetings are where we collect the monthly payments from our borrowers.
