Give a fishing pole, not just fish! It's like kiva but guarantees instead of loans. Join team/support http://bit.ly/cFHs1b
via Crowdrise 5 years ago
BENEFITING: UNITEDPROSPERITY ORG
Help Poor Families Escape Poverty
Have you ever wondered, “How can I help someone who needs a little help to achieve financial independence without burning a big hole in my pocket, and that too in a sustainable manner?” If you have, this project is for you!
How United Prosperity Works
With as little as $25, you can do a lot: help a poor family, empower women, alleviate poverty and help build communities around the world. Your $25 can make nearly $50 in available microloans to a poor family. Upon loan repayment (12 to 18 months) you can recycle your funds to support another entrepreneur, or withdraw the amount. By virtue of this, UnitedProsperity.org is the world’s first microloan guaranteeing website.
Farida, a micro entrepreneur in rural North India, used to sew school uniforms while her daughter stayed home, instead of going to school, to assist her. Farida’s profile, along with the profiles of five of her co-borrowers, was uploaded on United Prosperity's website and soon, twelve individuals contributed towards her guarantee. These individuals, who came from all over the world, are referred to as ‘social guarantors’. As a result, Farida received a microloan of $175, which was enough money to buy two sewing machines, hire workers and send her daughter to school.
Notice that your $25 Guarantee (used as bank collateral) creates a $50 Loan. That's an example any amount welcome of course!
With the generous support of people like you and me, United Prosperity has already made $130,000 in microloans available to more than 650 micro entrepreneurs since its launch in the summer of 2009.
Even better, Ajiwika the first microfinance partner has built a credit history with the local bank and has earned the trust of the local banking community. After United Prosperity started supporting Ajiwka, four other banks in India have issued loans to this microfinance institutions, thus helping many more poor entrepreneurs, their families and their local communities progress towards financial freedom and, eventually, out of poverty.
I hope you will join me and many others in supporting poor families become self- sufficient one microloan guarantee at a time.
** IMPORTANT ** Donations made here will be donations to the charity UnitedProsperity.org If you want to guarantee poor entrepreneurs directly go to do it at http://www.unitedprosperity.org/us/featured_loan_listings