United Prosperity isn’t just another non-profit organization asking for your hard earned cash with little oversight to ensure your dollar is actually contributing to solving a social ill. Instead, it uses the basic principles outlined by Dr. Muhammad Yunus in his book A World Without Poverty to tackle inherently biased banking systems.
Here’s how it works:
As we’ve discussed previously, struggling entrepreneurs around the world direly need capital to advance their businesses and lift themselves and families out of poverty. Traditional banks don’t lend to them because they often times lack collateral.
This is where United Prosperity comes in.
Via their site, you can become a social guarantor by providing cash collateral to the entrepreneurs who need small amounts of money. Your guarantee allows the entrepreneurs to access funds from local banks either directly or through one of their partners. It’s this simple: choose an entrepreneur; guarantee a loan; get repaid.
Founder & CEO: Bhalchander Vishwanath
This is what makes businesses like United Prosperity unique. Your financial support is not charity, it is empowerment. You are not simply aiding, you are enabling each entrepreneur to create a sustainable living through their business.
- Person to person loan guaranteeing website which helps you combat global poverty and multiply the impact of your money through loan guarantees.
- Organization Type: Non-Profit
- Website: www.unitedprosperity.org
- Founder(s):Bhalchander Vishwanath
- Location:California, United States
- See complete company list here
Image Source: unitedprosperity.com