Thank you very much for becoming guarantors and profiling United Prosperity on your blog.

I would also like to add two more key points where we are unique with added benefits:

1. Since the loan to the MFI is made in local currency by the lending bank, the currency risk for entrepreneurs, MFIs and social guarantors is mitigated. MFIs also do not pay any expensive currency hedging fees.

2. There are enough funds available in the banks in the developing countries. Our guarantee frees up those funds and creates social and financial linkages between entrepreneurs, local MFIs and banks reducing the need for long term international assistance. The MFIs and entrepreneurs also acquire a credit history in the process.

Thanks once again.

Cheers

Bhalchander
Founder and CEO – UnitedProsperity.org

I liked the fact that I could sign in with my google account, and that it prompted me to tweet the loan when I completed the process – http://twitter.com/drewmeyers/status/3357183434