Poverty2Prosperity (P2P) News

The Poverty2Prosperity.org Memorial Wall
Giving Tuesday for SOS Fund 11/28/17
International Women's Day 3/8/17
2015-Mid 2016 Progress Note
2014 Progress Note
$500 Matching Donation Challenge
Team P2P Passes $3 Million in Loans
Global Giving Campaign Success
Women's Only Perpetual Fund
Gilbert Gong Perpetual Fund
2013 Progress Note
Memorial Wall Perpetual Fund
Cassandre Jade Memorial Perpetual Fund
Susanne Chassay Memorial Perpetual Fund
Zip Fund
2012 Progress Note
SOS Fund
2011 Progress Note

The Poverty2Prosperity.org Memorial Wall 2/12/18

Poverty2Prosperity.org started with just a General Fund for entrepreneurs who were living in poverty but were willing to work themselves out of it if only they were given a chance - access to credit that we all sometimes take for granted. These people do not have access to traditional credit sources. Over time, P2P has been able to establish different funds to address specific needs such as Education, Youth, Expiring Loans, Women Entrepreneurs, and Personal Housing. In 2014, we decided to add a fund so that people could make donations in honor of loved ones and others. This fund is called The Memorial Wall fund because we have a page on our website that we call a Memorial Wall in which we list donations we have received in honor and remembrance of the people (and even pets) listed on the wall which will live on our site forever.

The fund has been wonderfully successful and since its inception has made 689 loans with a 99.4% repayment rate which is not just amazing, but a testament to how honest and hard working our borrowers are. Currently, 30% of the fund is supporting agricultural loans - food production and transportation are a couple of our main targets.

Sometimes we are told why people are being honored and sometimes not. Anthony (Tony) Gooch is honored on the wall a number of times. Tony is responsible for working with P2P to establish, with a founding donation, the SOS Fund which is a fund that targets loans that are in danger of expiring to help them get funded before 30 days has elapsed. Tony passed away last year but his spirit lives on in the fund he created and the loans that his donations are funding today and well into the future.

Check out those who have been honored on the Memorial Wall on the P2P website: http://poverty2prosperity.org/memorial.html. If you’d like to honor or remember someone special to you, one way you can do it is to make a donation to the Memorial Wall fund and since the repayment rate is over 99%, that means your donation will go on making new loans in their honor for nearly 100 years! See our donation page for the Memorial Wall donation button: Click Here

Poverty 2 Prosperity, Inc. is a 501(c)(3) tax exempt non-profit and donations are tax deductible. Since 2008, 95% of all donations have gone directly into making loans and we have 99.6%+ repayment rate across all funds. Donations made today will go on making new loans over and over for nearly 100 years. Our donation page with a listing of the specific funds you can support is here: Click Here. If you want to stay up to date with our activities, you can see our Facebook page, Twitter account, or join our mailing list on our About P2P page here: Click Here.

Giving Tuesday for SOS Fund 11/28/17

Tuesday, November 28th (tomorrow) is Giving Tuesday and this year, we are focusing on our SOS Fund. which is aimed at saving loans from expiring and going unfunded. We provide zero percent interest loans to the working poor and have a 99.74% repayment rate since 2008 with 95% of donations going directly into loans. Donations made for this Giving Tuesday will keep making new loans as repayments come in for about 99 years! Read more about our SOS Fund below. All Giving Tuesday donations will be put into our SOS Fund (unless specifically designated for a different fund). You can find donation buttons for all of our different funds here: Donate to Poverty2Prosperity.org.

Poverty 2 Prosperity, Inc. (P2P), is a 501(c)(3) nonprofit that makes loans to working poor around the world. These loans originally were for small business loans, but later expanded to additional funds to improve housing (Person Housing Fund), to fund access to educational opportunities including tuition fees and also to education providers (Education Fund), and to provide opportunities to younger people (Youth Fund - 24 and under). We even founded a Women’s only fund to provide funding to women entrepreneurs. All of these funds are about providing what’s needed for people to create, get, and keep jobs and, in some case, even employ others.

In 2012, Tony Gooch approached P2P about creating a special fund to help fund loans which might otherwise expire and go unfunded. Tony generously provided some seed money to start this fund, and he actively participated in Kiva for years until he passed earlier this year. The SOS Loan Fund has had 1,198 borrowers pay back their loans! Currently, there are 344 loans in the process of paying back loans. This adds up to over 1,500 families impacted by the SOS Loan Fund.

What we love is that every month there are new repayments from Kiva which allow the SOS Loan Fund to continue to invest in more families! Since our repayment rate on our funds is 99.74%, Tony’s original seed donation will go on making new loans over and over for nearly 100 years. Thanks to Tony’s vision, his passion for helping through microfinance continues. We would love to grow the impact of this fund by growing the assets. If you would like to contribute to the SOS Loan Fund, you can do so by clicking the donations button near the top of our Facebook page. We are a 501(c)(3) which means the IRS has designated us as a tax-exempt organization, so donations are tax deductible.

International Women's Day 3/8/17

Wednesday, March 8th is International Women's Day! Poverty2Prosperity.org has a number of different funds including one specifically for Women Entrepreneurs. P2P is going to make a bunch of loans to women on Wed! 70% of women and their families are living in poverty. There are good reasons to loan to women who do not have access to traditional credit. Repayment rates for microloans made to women are higher than men. On average, women reinvest 80% of their income in the well-being of their children and working women are more likely to educate their daughters than men. Support International Women's Day by empowering a woman entrepreneur to break the cycle of poverty for herself and her family through microloans! Because of P2P's 99.74% repayment rate, your donation won't just help a woman on Wednesday - it will help women over and over for the next ~99 years!

2015-Mid 2016 Progress Note

Hello to everyone from P2P!

We've been very busy making loans and so haven't sent out an our annual update on time, so this is more of a 2015 and mid-2016 report.

In 2015, Poverty2Prosperity.org had a great year in which we made over 3,000 loans. The most amazing stat is that over the past 8 years, P2P has a repayment rate of 99.74% which shows just how hard our borrowers are working and the level of commitment they have to repaying their loans, not to mention their honesty.

P2P realizes that there is more than just one way to break the cycle of poverty besides starting a business, so we created three new funds that we are excited to tell you about:

We feel very strongly that getting an education is a solid pathway to getting a job or starting a business (maybe even employing others) and lifting oneself (and others) out of poverty. Because of this, we have created an Education fund that not only makes loans to those seeking funds for tuition fees but also to education providers who need funds for resources to properly provide a good and full educational experience. We have already made 168 loans in this fund!

P2P also introduced a fund to focus on younger people who were starting businesses and we now have a Youth fund that makes loans to those who are 24 and under. Why youth? Typically, young adults have less experience and fewer resources. In many communities, there just aren't enough jobs to go around, and young adults who have less experience are left out of the work force. With a micro-loan, they have real choices. They can create their own job or get additional education to open up more possibilities. This is a fledgling fund that could use some help. If you're interested in helping us in the Youth category, we could use donations to this fund. See the donations link at the bottom of this note.

Finally, we also firmly believe that having stable housing does many great things to help end poverty. This enables people to get jobs more easily and, more importantly, keep them. It also gives parents a better chance at making education for their children a priority - giving kids a safe, worry-free place to be after school. In addition, a stable home means that a family can start a home based business. We created a Personal Housing fund to make these types of loans and have made 139 loans so far with a 100% repayment rate to date.

If you think about it, with our very high repayment rate coupled with the fact that as soon as repayments are made, we turn around and make new loans, any donations you make to P2P will be making loans over and over for the next 100 years or longer... If any of these new funds interest you, we will put your funds to good use! You can donate to these and our other existing funds (e.g. Women's Fund) at our donation page on our web site here:


We also have our P2P Kiva Team that has, to date, made $3.6 million worth of loans. We have over 3,000 members and we would like to thank them!

Lastly, if you do shop on Amazon.com, you can select Poverty2Prosperity.org as your supported charity and we will get a portion of what you spend there. Use the following link to use Amazon Smile!


Poverty2Prosperity.org is a 501(c)(3) non-profit. Donations to P2P are tax deductible. Consult with a tax adviser for more information.

2014 Progress Note

It's a little late, but here is our 2014 progress note (Scott has been battling being a bit sick this 2015). Poverty2Prosperity.org had one of its most successful years to date. We added the most number of new funds in a single year with five new funds being added:

1. The Susanne Chassay Memorial Perpetual Fund
2. The Cassandre Jade Memorial Perpetual Fund
3. The Memorial Wall Perpetual Fund
  The Memorial Wall Perpetual Fund allows you to honor loved ones with a 
  recognized donation and permanent entry onto our site's Memorial Wall.

5.The Gilbert Gong Perpetual Fund 6.The Women's Only Perpetual Fund - This fund is used to fund microloans to women exclusively and was a result of the fundraising success we had on Global Giving. Funding is always open for this fund through or donation page: http://Poverty2Prosperity.org/donation.html

During September 2014, Poverty2Prosperity.org took on the Global Giving challenge in order to attempt to be certified and listed by the Global Giving site. Global Giving helps corporations and individuals vet non-profits and with their stamp of approval, more doors for donations are open to P2P. We were able to meet the criteria of raising $5,000 with 40 or more unique donors in just the first week of September after which we were in 3rd place of 369 organizations. In the end, we raised over $6,000 from over 80 donors and finished in 8th place.

February 3rd, 2015 - $500 Matching

Poverty2Prosperity.org is pleased to announce that an anonymous donor has made a $500 matching donation - for every dollar donated up to $500, the donor will match the donation dollar for dollar (100%). These funds will be used to kickoff our Education Perpetual Fund. You can find the Education Fund donation link on our Donations page.

February 1st, 2015 - $3 Million

Poverty2Prosperity.org is pleased to announce that team P2P has now loaned more than $3 Million through the Kiva.org web site. Next up is 100,000 loans.

October 16th, 2014 - Global Giving Permanent Partner

Poverty2Prosperity.org is pleased to announce that it accomplished the September Global Giving Challenge (raise $5,000 from at least 40 unique donors) and is now a permanent partner on the Global Giving website. This may give us a new avenue for access to funds from both individuals who have been given Global Giving gift cards and possibly corporate funds from the likes of Nike and Dell.

We raised over $6,000 in just one week from nearly 80 donors and with the funds from this campaign, we'll be announcing our eleventh perpetual fund later this month.

October 16th, 2014 - Women's Only Perpetual Fund

Poverty2Prosperity.org is pleased to announce it's eleventh fund. Through a successful campaign with Global Giving, we have been able to create a fund on P2P that will be used exclusively to support women's loans.

P2P is 501(c)3 non-profit and all donations are tax-deductible.

May 22nd, 2014 - Gilbert Gong Perpetual Fund

Poverty2Prosperity.org is pleased to announce it's tenth fund, the Gilbert Gong Perpetual Fund (Click Here to see fund). We're excited to have already made 68 loans in this fund and look forward to helping those in need start their own businesses and lift themselves out of poverty.

P2P is 501(c)3 non-profit and all donations are tax-deductible.

2013 Progress Note

Poverty2Prosperity.org had a solid year in 2013, but a bit quieter as we added just one more perpetual fund, but an important one. Thanks to Scott Banister, we created P2P's first Zip fund and made 50 loans in it before the end of the year. If you have an interest in seeing more Zip loans made, you can make a donation to this fund on the donations page linked below and above.

We currently have 9 funds that we manage and you can see read about them on the Funds Summary page (link can be found at the top of any page of the site). Donations may be made to specific funds through our donations page which is also linked at the top of every page of the site.

We also managed to break through the 6,000 loan milestone with a total of 6,210 loans. The best part is as donations come in combined with our 99%+ repayment rate, we are able to make more loans every single month.

Team P2P is racing towards the $3 Million mark in loans as we passed the $2.5 Million mark easily. Thank you very much, Team P2P for supporting Poverty2Prosperity.org with your loaning! That's almost 85,000 loans! Wow!

We also created a Donations Thank You Gift Area in which we provide goods made by our borrowers in exchange for a donation. These items make wonderful gifts for others too. You can find the link to this area on our donations page as well.

Amazon has created the Smile program through which you can participate in helping P2P. If you use the following link to begin your shopping experience at Amazon.com, (you go to the same home page you are used to), P2P gets a percentage of your purchase price as a donation over time. The link is below:


We'd really like to thank our 2013 donors who helped make this a solid year of delivering help-outs to afford people a chance to lift themselves out of poverty!

April 4th, 2014 - Memorial Wall Perpetual Fund

Poverty2Prosperity.org, a San Francisco based U.S. 501(c)(3) non-profit organization, is announcing the creation of the Memorial Wall Perpetual Fund to help folks remember loved ones in a way that honors them by spreading kindness around the world through a help-out rather than a hand-out. Since the P2P funds average about a 99% repayment rate, this perpetual fund will go indefinitely into the future helping the working poor one person after another. The Memorial Wall can be seen by clicking here. The first two Memorial Wall honorees are Cassandre Jade, Susanne Chassay, and Linda B. Klein and the first loan was made to the Mai Group from Vietnam.

The minimum donation to have a person listed on the wall is $100. Colors denote donation levels: $100 - $250 - $500 - $1000 or more

The fund will follow the standard asset allocation protection plan that regular P2P funds use when selecting loans.

March 29th, 2014 - Cassandre Jade Memorial Perpetual Fund

Poverty2Prosperity.org, a San Francisco based U.S. 501(c)(3) non-profit organization, is announcing the creation of the Cassandre Jade Memorial Perpetual Fund that was made possible by donations by Scott P. and Elle C. Donations to this fund may be made on the Donations page.

Cassandre was more than just a friend to people, she was someone who could be counted on to lend a hand and be there when you needed her. Her specialty was loving other people through her kindness, unselfishness, and big heart. Cassandre passed away in March 2014, but her willingness to help other people will be remembered and honored by this fund that will do the same for people around the world. The first three loans focused on providing help in conflict zones, areas where credit/banking is scarce, and sustainable businesses.

January 20th, 2014 - Susanne Chassay Memorial Perpetual Fund

Poverty2Prosperity.org, a San Francisco based U.S. 501(c)(3) non-profit organization, is announcing the creation of the Susanne Chassay Memorial Perpetual Fund that was made possible by donations by Scott P., Elle C., Joanne C., and a recurring perpetual monthly donation by Wendy C.

Susanne was an insightful and wonderfully smart person who worked as a psychotherapist in Northern California. She passed away in late 2013 and will be sorely missed by everyone. The fund will make loans around the world with a slight focus on Asia. The first loan in the fund was to: 09.03.05 Phu Sn 3 Group in Vietnam.

June 21st, 2013 - Zip Fund

Poverty2Prosperity.org, a San Francisco based U.S. 501(c)(3) non-profit organization, is excited to announce the debut of its sixth perpetual fund account and first on Kiva Zip called the Zip Fund. This fund was created with a founding contribution from Scott Banister, and the lender account link is:


P2P looks forward to exploring the Kiva Zip platform and connecting more directly with borrowers. The fund's first loan was made to Dawn of St. Louis MO and can be seen here:


If you are interested in participating in this fund, donations can be made here:


Donations by U.S. taxpayers to P2P for the Zip Fund are tax-deductible as provided by law. To find out more about the Zip Fund and other P2P managed accounts, please see our web site at:


2012 Progress Note

Poverty2Prosperity.org had a really exciting year in 2012 and we're only just getting around to telling everyone about it. Here are the highlights from last year.

SOS Loan Fund

In July, P2P unveiled its fifth perpetual fund account called the SOS Loan Fund. The goal of this new fund, managed by P2P, will be to help fund loans that are in danger of expiring. This fund was created with a founding contribution from Tony Gooch.

The SOS Loan fund has already made over 450 loans in 35 different countries with 389 of them being funded before expiration. We invite users to join us on loans and you can view which loans are currently funding in the SOS Loan Fund at the following link:


We are thankful for a number of generous donations to the fund. If you wish to help this fund prevent loan expirations or make a donation to any of our other funds, please see the P2P donations page at the following link:


Poverty2Prosperity is a 501(c)(3) non-profit, and donations are usually tax deductible. Consult your accountant or tax advisor to find out details for your situation.

Minh Nguyen Individual Perpetual Fund

P2P allows for the creation of Individual Perpetual Funds. If a donor comes forward and makes at least a $2,500 donation, we create a new fund/account with the purpose of making loans perpetually according to the donor's lending preference (agreed upon between P2P and the donor). In March, we added the Minh Nguyen Individual Perpetual Fund as our 3rd managed fund. This fund has made over 500 loans so far.

Any donation is appreciated. If you make at least a $25 donation into either the P2P General, the P2P Perpetual Fund, or the SOS Loan Fund, you can select the first loan to be made with those funds. Future lending is managed by P2P.

P2P Lending Team

The P2P Lending Team has over 2,700 members who are attributing their loans towards the team stats. On October 29th, the team broke through the $2,000,000 mark in total dollars lent to date. By the end of the year, the team had made nearly 65,000 total loans.

We'd really like to thank our 2012 donors who helped make it our best year so far. We're looking forward to contiuing to provide poverty relief through microloaning in 2013!

July 10th, 2012 - SOS Loan Fund

Poverty2Prosperity.org, a San Francisco based U.S. 501(c)(3) non-profit organization, is excited to announce the debut of its fifth perpetual fund account called the SOS Loan Fund. The goal of this new fund, managed by P2P, will be to help fund loans in their final days of listing on Kiva.org in order to prevent loans from expiring. This fund was created with a founding contribution from Tony Gooch, and the lender account link is:


As part of this endeavor, we are inviting lenders to join us on loans made by this fund by listing active loans we are trying to save at the following web address:


Donations by U.S. taxpayers to P2P for the SOS Loan Fund are tax-deductible as provided by law. To find out more about the SOS Loan Fund and other P2P managed accounts, please see our web site at:


2011 Progress Note

We've had a busy year at Poverty2Prosperity.org (P2P) and we wanted to take a moment at the beginning of 2012 to review some of the milestones we've reached.

P2P started out with one Perpetual Fund and this year, thanks to generous donations from Minh Nguyen and Scott Banister, we've added two additional Perpetual Funds to our list of portfolios. You can see these new Perpetual Funds at the following links:

Minh Nguyen Perpetual Fund:
Click Here

Scott Banister Perpetual Fund:
Click Here

As noted on our web site, individual Perpetual Funds can be created with a donation of $2,500 or more to P2P allowing you to follow your individual Perpetual Fund loaning. Donations can also be made to our general Perpetual fund in any amount through the web site (http://Poverty2Prosperity.org). These accounts are managed by P2P and are perpetually loaned into the future.

Our General Fund account (http://www.kiva.org/lender/poverty2prosperity) recently passed the 1,000 loan mark. The funds in this account are primarily used for loaning but if a poverty alleviating project sparks our interest, these funds are available for that as well.

In all, P2P has made over 2,000 loans (2,076) with a phenomenal repayment rate of 99.91%. Kiva's repayment rate is 98.71%, so we're beating the average. Perpetual loaning accounts for 46.4% of our loaning activity.

P2P has also been involved in raising funds for the Mirembe Community College program in Uganda in 2009 and again in 2011. We helped bring about a cooking/catering school, beauty school, and post graduation programs.

We're looking forward to making loans all year long in 2012. Nothing excites us more except getting to do even more loans when generous folks entrust us with their donations.

Poverty2Prosperity.org is a registered 501(c)(3) non-profit organization.