10. Meanwhile, PAR (Portfolio At Risk) > 30 days remained strong at 0.72%, well below 1%. This is marvelous!
11. We provided a 3-day credit training for 20 young people on micro business lending (MBL). 10 people will be selected out of this group to attend an intermediate level of credit training to be held in November. This is to prepare our staff to be able to handle our clients who desire to graduate to individual loans from group loans.
12. A group of four graduate students from Johns Hopkins University will be working with UOB on a project related to agent banking. We had the first telephone conference in October and they will work off site until January when they will be on site for three weeks to produce a white paper proposing an effective implementation plan on agent banking. We look forward to working with them. Also we are in contact with St. Mary University in California and George Washington University students on different projects.
12. The Kininya sewing project that Kristin is handling continues to progress well. 20 women are now making more complex products. It has been six months since the projected started, but at their request we agreed to extend the training period for two more months.