27.1.09
Final 2 Test Groups
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January marked the final month in our Village Bank testing phase. The final two groups have repaid their loans. Both villages requested a second loan as growing season is nearly starting. Picture above is Baan Tung Gu at their loan disbursement meeting (January 27, 2009). 16.1.09
Same Same... But Different
One of the interesting things about Thailand is that village names are not unique. If you travel around enough, you will realize that names seem to repeat every 20-30km. This is now the case with our Village Banks. We are now proud to announce that we have two villages from the Mae Taeng area with the name Baan Pa Jy. Our newest Baan Pa Jy has 17 members. On Dec 15th, the group received additional funds from Common Interest which they immediately disbursed to their members for income-generating projects. The video above shows this process.
The process is as follows:
1. Common Interest Field Staff check the ID of the individual member.
2. A Village Bank Board member records the loan in the group's loan book
3. A Village Bank Board member records the loan in the individual member's passbook and counts the money.
4. Finally, the individual borrower counts and receives the money.
1. Common Interest Field Staff check the ID of the individual member.
2. A Village Bank Board member records the loan in the group's loan book
3. A Village Bank Board member records the loan in the individual member's passbook and counts the money.
4. Finally, the individual borrower counts and receives the money.
14.1.09
Mae Pang (Phrao)
Mae Pang is our newest Village Bank. Located inbetween Phrao and Chiang Mai, this area is known mostly for a nearby wat in Satisuk. This group of 36 recently received a loan from Common Interest to increase their own savings pool. We wish them the best.
