United Prosperity presents you the opportunity to directly help poor entrepreneurs and transform the lives of their families and communities by making a loan or a loan guarantee.
Lend: You select the entrepreneur to support and lend any amount you want. United Prosperity would consolidate the loan amounts from all online lenders and through a locally present Microfinance Institution(MFI) ; your loan will directly reach the entrepreneurs.
Guarantee: You select the entrepreneur to support and each $1 you contribute acts as collateral or a loan guarantee to a bank. Based on the guarantee, the bank makes a loan of nearly $2 to the entrepreneur though a partner Microfinance Institution (MFI).
Once a loan or a loan guarantee has been made, the entrepreneur’s progress can be tracked online. On loan repayment, you get your money back, and you can choose to recycle it by lending/ guaranteeing the loan to another entrepreneur.
Since our launch in May 2009 and as of May 2013:
1300 families have received more than $280,000 in loans
Our partner MFIs have built their credit history with the local banking system encouraging more banks to lend to them.
This has impacted an even greater number of entrepreneurs, their families and whole communities. We work in regions with high levels of extreme poverty and ask you to join us in amplifying this positive change and lift many more communities out of poverty.