Back in 90s, I used to hear from my parents that all the charities were fraud.Though I was not part of any, but saw such things in movies and some television shows. I dont believe in linear progress because thats now how society works. To elaborate, if we agree that in past 60 years of Indian independence 1% of people are working genuinely in nonprofits, linear extrapolation of 600 years to reach 10% level will not hold good. It will be much less, perhaps 100 cant say. So I am hopeful that this non linear or should we say exponential progress has the potential to surprise everybody and this time it will be for good.
Though I am not a big fan of bucket lists, but I feel that its important to keep recalling so many good things which are happening around us, the list of good activities, earnest movements, inspiring lives of silent warriors which keep working despite much mumbo jumbo, publicity and other such things which are all worldly.
Sharing some of the some innovative, relevant, sustainable and powerful concepts which have potential to create long term, non linear and perhaps unpredictable impact on the civic societies in the coming years -
An interesting model to tackle corruption -
I Paid Bribe
An innovative way to combat poverty -
United Prosperity
From darkness to light -
Electrifying rural India -
Husk Power
A model which can be replicated in every town to counter the traffic police corruption -
http://timesofindia.indiatimes.com/city/mumbai/Alert-netizens-shame-errant-cops-on-Facebook/articleshow/6423949.cms
Solar Power rockss -
Surya Bijlee
Innovative world for differently able -
Ability Unlimited
An umbrella organization with the simple motto - Be the Change you want to See -
Janagraaha
Showing posts with label United Prosperity. Show all posts
Showing posts with label United Prosperity. Show all posts
Sunday, October 10, 2010
Saturday, June 20, 2009
United Prosperity
United Prosperity a micor finance mission started by Bhalchander Viswanath. This initiative has the potential to solve some of the India's critical problems of poverty, unemployment, rapid urbanization, education, health and general standard of living in rural India. Supporting rural entreprenurs...with small needs can create big difference as it will make them self reliant...boost their confidence level....increase personal income level...create long term employment opportunity for them and their family memebers...all this in turn will decrease migration to urban areas...increase the standard of living of rural India, which in turn will encourage them to send their children to schools and take proper education without any urgency to earn money for the family. Heres an excerpt from Bhalchander about this new mission -
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Combat poverty and multiply the impact of your money
United Prosperity (http://www.unitedprosperity.org/) is the world’s first person to person loan guaranteeing website. Small entrepreneurs all over the world need funds to start and grow their businesses. Banks however don’t lend to them without collateral. Small entrepreneurs cannot provide collateral since they are often very poor. Microfinance institutions (MFIs) lend to the poor without collateral but they in turn (especially the smaller MFIs) need guarantees to borrow from banks. The general public can help the entrepreneur earn a better livelihood by providing cash collateral – a guarantee – on our website. The guarantee allows the entrepreneurs to access a microloan through one of our partner Microfinance Institutions (MFIs). On loan repayment the money is returned.
United Prosperity is unique in several ways:
a. Maximum impact: Due to United Prosperity’s innovative guarantee model which involves additional capital contributions by the bank and MFI, $1 in guarantee could lead to $2 to $5 in loan to the entrepreneur – thus maximizing the impact.
b. Local linkages: United Prosperity creates relationships between domestic banks, MFIs and poor entrepreneurs rather than encouraging dependence on foreign assistance.
No foreign exchange risk: Since the loans from the Bank to the MFI, and from the MFI to the entrepreneur are in local currency, there is no foreign exchange risk involved. Only in the relatively rare event of default, when the guarantee is called will a cross-border foreign exchange transaction take place.
Operations began in India in May 2009 and over time will expand to other countries.
Key supporters include Cognizant, O’Melveney and Myers, Hanson Bridgett, Berkeley Law at UC Berkeley, Tempus Law, NetSuite, and Books2taxes.com.
You can support United Prosperity in several ways:
a. Spread the word: Write about United Prosperity in your blog or website and tell your friends.
b. Become a social guarantor: Visit United Prosperity’s website and support poor entrepreneurs by making guarantees. There is no minimum amount and you can make payments with PayPal or a credit card.
c. Join the community :
Facebook http://bit.ly/1bFgtg
Twitter http://twitter.com/unitedprosper
d. Share your expertise: Volunteer your expertise to help build and market our website.
e. Support our mission: Provide grants or loans to help scale up United Prosperity’s operations in the US and India to help us reach more poor entrepreneurs and further our mission.
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Combat poverty and multiply the impact of your money
United Prosperity (http://www.unitedprosperity.org/) is the world’s first person to person loan guaranteeing website. Small entrepreneurs all over the world need funds to start and grow their businesses. Banks however don’t lend to them without collateral. Small entrepreneurs cannot provide collateral since they are often very poor. Microfinance institutions (MFIs) lend to the poor without collateral but they in turn (especially the smaller MFIs) need guarantees to borrow from banks. The general public can help the entrepreneur earn a better livelihood by providing cash collateral – a guarantee – on our website. The guarantee allows the entrepreneurs to access a microloan through one of our partner Microfinance Institutions (MFIs). On loan repayment the money is returned.
United Prosperity is unique in several ways:
a. Maximum impact: Due to United Prosperity’s innovative guarantee model which involves additional capital contributions by the bank and MFI, $1 in guarantee could lead to $2 to $5 in loan to the entrepreneur – thus maximizing the impact.
b. Local linkages: United Prosperity creates relationships between domestic banks, MFIs and poor entrepreneurs rather than encouraging dependence on foreign assistance.
No foreign exchange risk: Since the loans from the Bank to the MFI, and from the MFI to the entrepreneur are in local currency, there is no foreign exchange risk involved. Only in the relatively rare event of default, when the guarantee is called will a cross-border foreign exchange transaction take place.
Operations began in India in May 2009 and over time will expand to other countries.
Key supporters include Cognizant, O’Melveney and Myers, Hanson Bridgett, Berkeley Law at UC Berkeley, Tempus Law, NetSuite, and Books2taxes.com.
You can support United Prosperity in several ways:
a. Spread the word: Write about United Prosperity in your blog or website and tell your friends.
b. Become a social guarantor: Visit United Prosperity’s website and support poor entrepreneurs by making guarantees. There is no minimum amount and you can make payments with PayPal or a credit card.
c. Join the community :
Facebook http://bit.ly/1bFgtg
Twitter http://twitter.com/unitedprosper
d. Share your expertise: Volunteer your expertise to help build and market our website.
e. Support our mission: Provide grants or loans to help scale up United Prosperity’s operations in the US and India to help us reach more poor entrepreneurs and further our mission.
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