About Poverty2Prosperity (P2P)
Poverty2Prosperity (P2P) was founded in 2008 as a US-Based 501(c)(3) Non-Profit Corporation (see our 501(c)3 status pending page). There are currently three members on the board of directors and one consultant:
Scott Paterson, Board Director
Elle Chan, Board Director
John Rehling, Board Director
Colette P. Bailey, Consultant
Use of Funds
P2P's funding is raised primarily (currently 100%) from public donations and grants. 100% of all grants received are put to use toward micro-loans. P2P's current, and for the foreseeable future, administrative costs are covered by charitable donations from Scott Paterson and Elle Chan.
Thanks to Colette who came up with the name for P2P as well as the Asset Allocation Plan.