Sinergia Cristiana is in the process of transforming into a savings and loan co-op for our presbytery and other Christian churches in the north of Peru. We will continue to do micro-finance as we have for the past 15+ years, but this development will allow us to do much more:
We'll be allowed to offer savings accounts which have been shown to be more helpful for low income families than loans.
The educational component required for co-ops will make it even easier and more natural to integrate the Gospel into every aspect of the program.
We'll no longer be subject to 18% sales tax.
It will allow greater integration with our other ministries like Bethesda Health and Geneva School.
This will provide a natural platform for greater unity and collaboration with other denominations.
There are still legal hoops to jump through, but we are nearing the end of the process. The Sinergia team has recently completed required training and has submitted our application to the Superintendencia de Bancos y Seguros. Please pray for the team, and for fruitful ministry that will bless the Christian community in Northern Peru for many years to come.
