POVERTY2PROSPERITY

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 99% 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 (24 and under), Single Parents, USA-Borrowers, and Personal Housing, all things that help..

Also known as: Poverty2Prosperity, Inc.

Primary location: Menlo Park United States