United Prosperity (organisation)
| File:United Prosperity logo.png | |
| Founded | May 2009 |
|---|---|
| Focus | Economic development |
| Location | |
Area served | Worldwide |
| Method | Microcredit |
| Website | unitedprosperity |
United Prosperity was a not-for-profit Web-based microcredit organisation.[1]
Unlike most microcredit or person-to-person lending organisations, United Prosperity did not directly lend to the micro-entrepreneur, but instead the micro-loans were used to provide a guarantee to a local bank, which lends to the micro-entrepreneur. Typically the local bank lent about twice the amount provided by the micro-lender's guarantee, thus providing greater leverage than traditional micro-credit.[2]
Another claimed benefit of this approach was that the micro-entrepreneur develops a relationship and, most importantly, a credit history with their local bank, enabling the micro-entrepreneur to become independent of the micro-lenders in the long term.[3]
Disadvantage[edit]
A criticism of traditional microcredit models is that they can create a long-term dependency between the micro-lenders and the micro-entrepreneur as the micro-entrepreneur never builds a relationship with local banks.[4]
As of mid-2022, the unitedprosperity.org domain name was up for sale.[5]
References[edit]
- ↑ "How technology built the microfinance industry". Computer World. 9 March 2009. Retrieved 28 October 2009.
- ↑ "Nonprofit Uses Social Guarantors to Support Struggling Entrepreneurs". The Daily Tell. 27 August 2009. Retrieved 25 October 2009.
- ↑ "World's first person-to-person loan guarantee website enters the field". @alliance. 22 June 2009. Retrieved 28 October 2009.
- ↑ Meade, Jason. "An Examination of the Microcredit Movement". Connexions. Retrieved 28 October 2009.
- ↑ "unitedprosperity.org". Odys Global (domain reseller). Archived from the original on 16 May 2022. Unknown parameter
|url-status=ignored (help)
External links[edit]
| Americas |
| ||||
|---|---|---|---|---|---|
| Asia |
| ||||
| Europe |
| ||||
| Oceania |
| ||||
This article "United Prosperity (organisation)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:United Prosperity (organisation). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
