
I know most annual reports are often met with respectful yawns. But I swear, ours is shaping up to be cool. Because we’ve got such good news to share -- 2011 was huge! We more than doubled in size in all key areas. It was inspiring to truly begin to see the evidence of stable, sustained prosperity in the lives of the women we serve.
One of those success points is another year of 100% loan payback. We think that’s amazing. Des, our newly married program director, blogged recently that Las Progresistas won our award for 2011 Village Bank of the Year…but we haven’t told you why they won. So, here’s a sneak peek of our annual report (look for it tomorrow on our homepage) and the back story of Las Progresistas to brighten your day.
Enjoy!
- Jennifer
WHAT PROGRESS LOOKS LIKE
DiscoverHope is proud to maintain a 100% microloan payback rate. A woman’s payback money directly circulates into additional loans for herself and her village bank. That does not mean, however, that no woman has ever defaulted on a microloan. That would be unrealistic. Instead, each village bank, as a group, takes ultimate responsibility to cover the microloan. Such adversity is rare, but when it happens, village banks persevere, overcome and ultimately become stronger.
Upon receiving the award, Isabel De La Cruz, the President of Las Progresistas said “We are proud to be this year’s Top Bank. As one of the original members I feel so blessed that instead of quitting, we decided to stay and make our bank a place where we can improve our businesses and learn new activities. Thank you, DiscoverHope.”
No comments:
Post a Comment