Graduates of the CRC's Pilot Microfinance Program have begun making payments on their loans. As planned, most participants visit the CRC every Friday to make their payments, though some find other days easier to pay. Each payment is recorded for the CRC's records, and a receipt is given to the participant for their own records. Some pay a small amount toward the repayment of their loan each week, while others find it easier to make larger monthly payments.
Participants are engaged in a variety of different types of businesses. Some used their loans to launch a new venture, while others used the capital to build up existing businesses. CRC staff visit these businesses on site to also monitor their success.
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January 2021
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