Comments on: UnitedProsperity.org

By: Bhalchander V

Bhalchander V — Mon, 22 Jun 2009 23:00:31 +0000

Microcredit Enterprises (MCE) is a great organization. They use the guarantees in the US from high net worth individuals or foundations to leverage USD funds from socially responsible funds in the US. Then they make USD denominated loans to microfinance institutions.
UnitedProsperity.org’s guarantors use our website to make guarantees. Based on the guarantee, local banks in developing countries make local currency loans to microfinance institutions.

You may also like this interview with Jonathan Lewis of MCE.

http://bit.ly/18Ew1i

Cheers,
Bhalchander

By: Claire Thomas

Claire Thomas — Mon, 22 Jun 2009 21:00:24 +0000

You’ll also want to check out Microcredit Enterpises, the original pioneer in the field of loan guarantees for microentrepreneurs and the microfinance institutions that serve them. Working on a larger level, MC Enterprises has mobilized millions in capitol to some of the world’s poorest entrepreneurs. They’re effective, ethical and reliable.
http://www.mcenterprises.org/guarantors/

By: Bhalchander V

Bhalchander V — Thu, 18 Jun 2009 18:50:17 +0000

Hi Sean,

Thanks for writing about UnitedProsperity.org. Since you mentioned social capital markets, I would like to add that our guarantee creates local linkages between banks and microfinance institutions increasing the stock of local social capital which helps in further developing and growing the local economies.

Cheers
Bhalchander