About Poverty2Prosperity (P2P)
Poverty2Prosperity (P2P) was founded in 2008 as a U.S. 501(c)(3) Non-Profit organization. There are currently three members on the board of directors and one consultant:
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Use of Funds
P2P's funding is raised primarily (currently 100%) from public donations and grants.
Thanks to Colette who came up with the name for P2P as well as the Asset Protection Plan.
2011 Progress Note
We've had a busy year at Poverty2Prosperity.org (P2P) and we wanted to take a moment at the beginning of 2012 to review some of the milestones we've reached.
P2P started out with one Perpetual Fund and this year, thanks to generous donations from Minh Nguyen and Scott Banister, we've added two additional Perpetual Funds to our list of portfolios. You can see these new Perpetual Funds at the following links:
Minh Nguyen Perpetual Fund:
Scott Banister Perpetual Fund:
As noted on our web site, individual Perpetual Funds can be created with a donation of $1,000 or more to P2P allowing you to follow your individual Perpetual Fund loaning. Donations can also be made to our general Perpetual fund in any amount through the web site (http://Poverty2Prosperity.org). These accounts are managed by P2P and are perpetually loaned into the future.
Our Regular Fund account (http://www.kiva.org/lender/poverty2prosperity) recently passed the 1,000 loan mark. The funds in this account are primarily used for loaning but if a poverty alleviating project sparks our interest, these funds are available for that as well.
In all, P2P has made over 2,000 loans (2,076) with a phenomenal repayment rate of 99.91%. Kiva's repayment rate is 98.71%, so we're beating the average. Perpetual loaning accounts for 46.4% of our loaning activity.
P2P has also been involved in raising funds for the Mirembe Community College program in Uganda in 2009 and again in 2011. We helped bring about a cooking/catering school, beauty school, and post graduation programs.
We're looking forward to making loans all year long in 2012. Nothing excites us more except getting to do even more loans when generous folks entrust us with their donations.
Poverty2Prosperity.org is a registered 501(c)(3) non-profit organization.