Poverty2Prosperity (P2P) is a San Francisco Bay Area-based 501(c)(3) non-profit microfinance organization engaged in the goal of alleviating and breaking the cycle of poverty by providing 0% interest loans to the working poor. We are a 100% volunteer organization which helps to keep our overhead low - 97% of donations go directly into making loans. We have made over 50,000 loans with a 98% repayment rate.
P2P is focused on providing 0% interest loans to developing-world entrepreneurs who do not otherwise have access to working capital from traditional banks and credit institutions. By providing a 'help out' rather than a 'hand out,' these loans form the basis of a renewable source of economic stimulus; once the loan is paid back, it can be re-loaned to another deserving entrepreneur. During our first ten years, we've expanded our funds to include those specifically for Education, Women, Youth (26 and under), Single Parents, USA-Borrowers, and Personal Housing, all things that help peo
This is a great example of both an Artisans Fund loan and a successful repeat borrower! Pictured is Letty who is a hardworking woman from Portoviejo, Ecuador who seeks a way to earn her income so that she can help her husband get the household ahead. She is achieving this with the help of the loans, and for that, she is very grateful. She is asking for the help to continue. She is a teacher in an institution where they pay her a monthly salary, but she also makes handmade decorations for events. Her customers order personalized decorations ahead of time for birthdays, weddings, baptisms, and more. She makes them with a lot of love. Her first loan had a term of 9 months, but she repaid it in just 5 months. Her second loan from P2P is already repaid 35% and 3 months ahead of schedule.