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Poverty2Prosperity (P2P) is a San Francisco Bay Area CA-based 501(c)(3) Non-Profit Microfinance organization engaged in the goal of alleviating and breaking the cycle of poverty through micro-loans and other poverty-escaping projects.

P2P is focused on providing micro-loans to developing world entrepreneurs who would otherwise not have access to working capital from traditional banks and credit institutions. By providing a 'help out' rather than a 'hand out,' micro-loans form the basis of a renewable source of economic stimulus; once the micro-loan is paid back, it can be re-loaned to another deserving entrepreneur.

Micro-Loans & Asset Protection

P2P utilizes the lending technology platform provided by Kiva.org. Kiva works in the field directly with local countries' Micro-Finance Institutions (MFIs) and has developed a ranking system to identify sound MFIs who are enabled to present qualified borrowers (entrepreneurs) to potential lenders. Kiva then aggregates lenders to fill these micro-loans. The current repayment rate for micro-loans presented via the Kiva platform is 98.18% (as of 6/20/09).

P2P attempts to provide micro-loans in a socially responsible manner and as such, looks to fund loans in the following areas as a priority: development of local food supplies (agriculture), health, education, renewable energy (solar), and safe water supplies.

P2P follows these asset allocation guidelines (unless otherwise specifically outlined in a particular grant) in order to give it the highest level of asset protection and to minimize risk.

* No more than 10% of P2P's total portfolio is in any one country.*
* 95% in 4 & 5 Star (out of 5) MFIs as ranked currently by Kiva (as of 6/20/09).

P2P Perpetual Loaning

P2P now has a separate account with Kiva.org that has been tagged as "non-withdrawable." All donations and grants made to P2P's Perpetual Fund will be loaned through the Kiva platform perpetually into the future. See the Perpetual Fund information page for more details on this service.

*for amounts over $100 in any category. Funds are tracked separately.

Latest P2P Funded Entrepreneur

Like all Nicaraguan women, Sra. Elda del Socorro Mendez strives to support her household. She carries this out by making and selling tortillas, which she prepares with her own hands from the wholesale market in Managua. She has approached CEPRODEL to request a loan to buy ingredients, such as corn, for preparing delicious tortillas to sell.