I am excited to let you know about our non-profit organization, United Prosperity (www.unitedprosperity.org). We are the world’s first person to person loan guaranteeing organization. We aim to help rural entrepreneurs with limited or no access to funds to run their business and attain self reliance. Our unique model multiplies the impact of your money through loan guarantees.
With United Prosperity, you make an impact on the lives of the needy. Microfinance institutions (MFIs) struggle to get loans from banks because the entrepreneurs they serve cannot provide collateral on their own. So, these genuine hardworking entrepreneurs don’t get the money on time to sustain and grow their small businesses.
On our website, you can browse the profiles of the entrepreneurs screened by our microfinance partner. You can choose one or many entrepreneurs whom you’d like to support ( no minimum amount required). Money collected from generous individuals like you acts as the loan guarantee (a percentage of the loan requested), based on which the bank disburses the loan to the entrepreneur. Once the entrepreneur receives the loan, you can find updates on their progress through our website. Finally, once their loan is repaid, you will be repaid in full or you may choose to support any other entrepreneur.
What Makes us effective?
1. Our model maximizes the impact of your money!
2. Our guarantees create local linkages between domestic banks, MFIs and entrepreneurs.
3. No foreign exchange risk is borne by the entrepreneur.
4. Our model reduces the interest rate the bank charges the MFI which is ultimately borne by the entrepreneurs.
5. Our model is designed to access micro funds from people across the globe.
There are many ways to get involved with United Prosperity. You can become a social guarantor, start your own chapter, donate to United Prosperity, or simply spread the word about our organization. We encourage you to get involved in any capacity you wish. Please take some time and visit our website, www.unitedprosperity.org. I hope that you join us in our efforts.
I believe in the age old saying - "Be the change you want to See" ! I was involved with Seva Sahyog in, which helps very small schools in teaching, organizing extra curricular activities in different areas of Pune. I strongly believe that quality Education (not just literacy)can bring in permanen.....read more