Poverty2Prosperity (P2P) Funds Summary
P2P General Fund
P2P's General Fund is primarily used for making micro-loans, however, funds
donated to this account may also be used for other poverty-alleviating projects from time to time as P2P
sees value and maximum effect. For example, 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 can also use funds in this account to help launch new funds like some of those listed below.
Poverty2Prosperity has created an Honor/Memorial Wall Fund to help folks honor and/or remember loved ones in a way
that honors the people that they were by spreading kindness around the world through a help-out
rather than a hand-out. Since the P2P funds average a 99+% repayment rate, this perpetual
fund will go indefinitely into the future helping the working poor one person after another.
For details on listing a person on the Honor/Memorial Wall, please see the
Honor/Memorial Wall Perpetual Fund Page.
The funds in this account will be used to fund loans to women exclusively. 70% of women
and their families are living in poverty. There are good reasons to loan to women who do
not have access to traditional credit. Repayment rates for loans made to women are higher than men.
On average, women reinvest 80% of their income in the well-being of their children and working women are
more likely to educate their daughters than men.
Access to quality, nutritious food is fundamental to human existence. Secure access to food
can produce wide ranging positive impacts including economic growth and job creation. Farmers
are a robust source of jobs for others. Supporting farmers supports communities in so many ways.
Although P2P was initially focused on funding business/entrepreneurial loans, we now realize that
there is definitely another way to break the cycle of poverty and that's through education.
The Education Fund was created to help support those people who were seeking a loan
for tuition fees, school supplies, and to education providers as well.
Artisans have some of the highest repayment rates of any loans we currently
make. For example, one of our partners, Novica, has a 100% repayment rate so
far! That's not a single defaulted loan in over 10 years! Because these artists
are selling their goods, more often than not, they repay their loans back to us
EARLY!
The Climate Fund is our first partnership lending fund. The Climate Pilots
are a group that specializes in finding borrowers whose activities reduce their
impact on climate. Here are some examples of the types of loans
that will be funded: Solar solutions for smallholder farmers,
lamps (replacing kerosene), food storage which helps to reduce
food waste and make food production more efficient, recycling
collection services, regenerative agriculture (e.g. putting
nitrogen back in the soil), biomass stoves and biodigesters,
seaweed farming, and bamboo, just to name several.
Dr. Haresh Mirani and the Mirani Foundation have made a founding donation to our first country-specific fund (besides our USA Fund).
This fund will make loans exclusively to India. P2P is interested in founding more country-specific perpetual funds, so if you have
interest in founding such a fund, please contact us.
Thanks to a generous San Francisco Bay Area donor, we were able to establish the Southeast Asia Fund at the end of 2024.
This fund will make loans exclusively to the following countries: Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, Philippines, Thailand, and Vietnam
Hong Kong, Macau, Taiwan, and Mongolia (more may be added as they become available). P2P is interested in founding more country-specific perpetual funds, so if you have
interest in founding such a fund, please contact us.
Young adults need opportunities to work. By allowing them access to affordable loans for businesses we give
them options! Typically, young adults have less experience and fewer resources. With a micro-loan, they have real choices.
This P2P fund is dedicated to funding loans for Personal Housing. We believe that having a stable housing situation can help foster the ability of an
entire family to help lift themselves out of poverty. With stable housing, things like getting and keeping a job, starting a business, and getting an
education are all much more easily attainable.
The P2P SOS Loan fund uses donations to strive to keep older loans from expiring and going unfunded/partially unfunded.
Because this fund is so strategically-minded and focused on a specific type of loan, it
is not limited to a 10% maximum distribution in any one country. Tony Gooch was the founding donor of SOS Loan Fund and
you can read more about it our press release: Click Here.
Those in poverty in the United States experience a different level of poverty than those
living in third world countries who live on $2-$3 per day. While the United
States may have a different level of poverty, P2P feels strongly that it needs
to support USA borrowers with loans as well, however, we have tagged this fund
as "experimental" because we feel it has the potential to have more fluctuations
in performance than our other funds.
While Perpetual Fund donations of less than $5,000 will go into the general Perpetual Fund, users who prefer
to track their own Perpetual Fund portfolio and who are willing to make at least a $5,000 donation can have
a separte Perpetual Fund set up. Loaning prefences can be established as guidelines (as agreed to by P2P)
(e.g. Agriculture and Regions). Please contact us through our Contact Page
if this interests you.
P2P has some great ideas for expanding the our fund portfolio to include specific funds for the following areas:
Asia, South America, and Africa, Climate-related (coming May 2024). If you would like to help get one of
these funds started, please contact us.
Poverty2Prosperity.org is a U.S. 501(c)3 non-profit organization. All donations are tax deductible (consult your tax adviser).
If you would like to use this service, please feel free
to contact P2P through the Contact link above to make any arrangements or visit our donations page.
Honor/Memorial Wall Perpetual Fund
Women's Only Perpetual Fund
Agriculture Fund
Education/Tuition Fees Fund
Artisans Fund
Climate Fund
Mirani Foundation India (Bahrat) Fund
Southeast Asia Fund
Youth Fund (26 & Under)
Personal Housing Fund
SOS Loan Fund
USA-Only Fund [BETA]
Individual Perpetual Funds
Future Specific Perpetual Funds
Tax Deductions