On May 28th, 2010 we celebrated our first anniversary since launch of operations. It has been an eventful year.
When we started last year we did not know from where our support would come from. And a year down the line, we know the answer. It came from all over the world. We have guarantors from the US and Canada, Europe – UK, Norway, Germany, France, Luxembourg and many more countries, Asia – India, Singapore, Philippines; Australia and New Zealand. Thank you all for helping us get here.
We have also been extremely fortunate to have several in-kind supporters, team members, mentors, advisers, interns and volunteers. Everyone has believed in the cause and stood by us through this journey.
And the results are there for everyone to see. We made more than $165,000 in loans available and thereby empowered more than 850 entrepreneurs to earn their livelihood and better their lives with dignity.
The difference we are making to the lives of so many poor families has been very satisfying. The local relationships and communities we are building will make our work self-sustaining. A year back, Ajiwika was finding it difficult to get loans from banks especially since the financial crisis had made banks extremely conservative. With the support of the guarantee, a bank in India stepped up and made a loan to Ajiwika. Thereby Ajiwika gained the trust and credibility with the banking community. Since then, five other banks have made loans to Ajiwika. This clearly reflects the power of our guarantee-loan-impact model.
We have two big goals for the second year. First we want more people to know about us and get involved with UnitedProsperity.org. We need the help of the guarantor community here. As an existing guarantor your word carries additional credibility, so please continue to encourage your friends, colleagues and family to join you in supporting poor entrepreneurs and building self sustaining communities. Second, we have to build our internal capacity to execute by raising funds for operations and hiring staff.
Once we accomplish these two goals, then I think we will be on our way to realize the full potential of UnitedProsperity.org, to help the poorest families earn their livelihoods with dignity and build self- sufficient communities. Thank you all for your continued support.