UnitedProsperity.org

Help an entrepreneur by lending a loan guarantee

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Blog Posts

Bhalchander Vishwanath

Loan to Berendina Microfinance, Sri Lanka is approved

We are delighted to announce that a bank in Sri Lanka has approved a loan of $100,000 with a 50% guarantee toBerendina Microfinance, Sri Lanka. This will be the first ever bank loan to Berendina.

 

While the bank’s credit and risk committees have approved the loan, the bank’s legal department is reviewing the guarantee…

Continue

Posted by Bhalchander Vishwanath on August 16, 2011 at 9:51pm — 3 Comments

Forum

Paul

Repayment Terms 1 Reply

Extrapolating from the repayments that have been listed so far, the loans I have helped guarantee through UP all appear to be repaying on a cycle that will be several months longer than the 18 months…Continue

Started by Paul in United Prosperity Discussions. Last reply by Bhalchander Vishwanath Aug 10, 2011.

Ari Anders Brownstone

Need Input On Your Experience with United Prosperity for Building a NonProfit Website

Hi All, I am an intern at mPowering.org and we are currently designing our donor UI. mPowering is a growing non-profit that leverages mobile apps and technology to connect and create an emotional…Continue

Started by Ari Anders Brownstone in United Prosperity Discussions Jun 21, 2011.

Ari Anders Brownstone

Need Input On Your Experience with United Prosperity for Building a NonProfit Website

Hi All, I am an intern at mPowering.org and we are currently designing our donor UI. mPowering is a growing non-profit that leverages mobile apps and technology to connect and create an emotional…Continue

Started by Ari Anders Brownstone in United Prosperity Discussions Jun 21, 2011.

Andreas Stephens

Loans fully repaid! 1 Reply

I just looked under the "Impact" tab of the UnitedProsperity.org website, and saw that a large number of early guarantees/loans have now been fully repaid,…Continue

Started by Andreas Stephens in United Prosperity Discussions. Last reply by Bhalchander Vishwanath Jun 7, 2011.

Kenneth Gibbs

Artificial leaves don’t look like the real thing, but they may accomplish the same feat: producing fuel from sunlight.

 An interesting article in the NY Times about a new fuel source. The aim is to provide this to the poor of the world.  …Continue

Started by Kenneth Gibbs in General Information May 23, 2011.

Jeff Jones

Logo tag line needed! 7 Replies

Hello all,I am getting ready to have t-shirts and other swag made by Cafe Press. I have the logo but it dawned on me that we needed a good tag line on the bottom of it to explain what we do. The tag…Continue

Started by Jeff Jones in United Prosperity Discussions. Last reply by muralidhararao May 14, 2011.

muralidhararao

Employees's Monthly After Noon Lunch just starting form Rs. 780/-

Hi to all! This is Muralidhararao. Recently i started a services for Employees in Hyderabad, That is after noon Meals pack at their office door step. That Monthly Meals Pack cost starts from Rs.…Continue

Tags: Lunch, Monthly, Meals

Started by muralidhararao in Microfinance May 14, 2011.

Bhalchander Vishwanath

Malnutrition in India 4 Replies

I came across this discussion on malnutrition in India amongst Members of Parliament from India.Was surprised to know that malnutrition in India exceeds levels in Sub-Saharan Africa.…Continue

Tags: Microcredit, India, malnutrition

Started by Bhalchander Vishwanath in General Information. Last reply by Bhalchander Vishwanath Apr 10, 2011.

Proteep Mallik

Microcredit crisis in India 23 Replies

Just read this on NYT:http://www.nytimes.com/2010/11/18/world/asia/18micro.html?hpHow does it affect UP and are you…Continue

Started by Proteep Mallik in General Information. Last reply by Bhalchander Vishwanath Feb 15, 2011.

Kenneth Gibbs

Prosperity 8 Replies

 I understand there is currently a hold on further funding. This should not stop us from helping those who can and will better themselves if they are given the chance to. I watched a video how a…Continue

Started by Kenneth Gibbs in General Information. Last reply by Bhalchander Vishwanath Jan 6, 2011.

Notes

Delivery of delayed emails

Dear All,

 

Some of you may have received a few emails that should have been delivered earlier.

 

These emails were actually generated by the website earlier but the delivery of these emails were being delayed by the mail server our website hosting company. We are now using a new kind of cloud based email delivery service called as Sendgrid.

 

With the new service all emails will get delivered on…

Continue

Created by Bhalchander Vishwanath Jun 20, 2011 at 10:41am. Last updated by Bhalchander Vishwanath Jun 20, 2011.

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Latest Activity

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Update on the legal agreement with the bank in Sri Lanka

In my  previous post, I had written that we were expecting to hear from the bank in Sri Lanka on the legal agreement. While we were expecting to hear back in 10 days from my previous post, we heard back only last week. It has taken longer than what we expected, but fortunately things are moving forward. For now, I will not make a prediction on how soon we will be able to move to the next…See More
Blog post by Bhalchander Vishwanath Nov 14, 2011
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David2051 updated their profile Nov 6, 2011
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Loan processing delays

In my last post, I had written that the loan to BMI had been approved. However there have been some unanticipated delays in getting the legal agreement finalized. We are expecting to hear from the bank over the next 10 days. Hopefully we will start seeing progress soon. Thanks for your patience.See More
Blog post by Bhalchander Vishwanath Oct 18, 2011
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Denise Townsend is now a member of UnitedProsperity.org Oct 1, 2011
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Bhalchander Vishwanath commented on Bhalchander Vishwanath's blog post 'Loan to Berendina Microfinance, Sri Lanka is approved'
Hi Grant,   I just got off the phone with the bank in Sri Lanka. There was one clause in the legal agreement, they wanted changed. We have an in-principle agreement  on how it needs to be handled. The person from the legal department of…
Sep 22, 2011
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Bhalchander Vishwanath commented on Bhalchander Vishwanath's blog post 'Loan to Berendina Microfinance, Sri Lanka is approved'
Hi Grant, Thanks for your comments. It has been challenging times indeed. Apart from India and Sri Lanka, we have contacted Microfinance Institutions in nearly 30 plus countries.But in many of these countries the funding situation for microfinance…
Sep 20, 2011
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Grant commented on Bhalchander Vishwanath's blog post 'Loan to Berendina Microfinance, Sri Lanka is approved'
The last post was a month ago and finished by asking us to wait for more posts in the next few days. I am being  patient but I think the last time we had guarantees on the site was late last year. I appreciate the difficulty of the Indian…
Sep 19, 2011
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chinthuv is now a member of UnitedProsperity.org Sep 18, 2011
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Abdul Riyaz is now a member of UnitedProsperity.org Sep 10, 2011
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Loan to Berendina Microfinance, Sri Lanka is approved

We are delighted to announce that a bank in Sri Lanka has approved a loan of $100,000 with a 50% guarantee toBerendina Microfinance, Sri Lanka. This will be the first ever bank loan to Berendina. While the bank’s credit and risk committees have approved the loan, the bank’s legal department is reviewing the guarantee agreement we have…See More
A blog post by Bhalchander Vishwanath was featured Aug 17, 2011
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Loan to Berendina Microfinance, Sri Lanka is approved

We are delighted to announce that a bank in Sri Lanka has approved a loan of $100,000 with a 50% guarantee toBerendina Microfinance, Sri Lanka. This will be the first ever bank loan to Berendina. While the bank’s credit and risk committees have approved the loan, the bank’s legal department is reviewing the guarantee agreement we have…See More
Blog post by Bhalchander Vishwanath Aug 17, 2011
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Bhalchander Vishwanath replied to Paul's discussion 'Repayment Terms'
Hi Paul, The repayments have been initially a little longer because of the time it took to raise funds and to send them to the bank to be used as guarantee. Those have been more or less sorted out. Nevertheless the entrepreneurs continue to have 18…
Aug 10, 2011
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parmod kalirana is now a member of UnitedProsperity.org Aug 10, 2011
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Repayment Terms

Extrapolating from the repayments that have been listed so far, the loans I have helped guarantee through UP all appear to be repaying on a cycle that will be several months longer than the 18 months listed. Is this widespread among UP loans? What is the cause and what is the impact on the borrowing entrepreneurs? Thanks, Paul See More
Discussion posted by Paul Aug 1, 2011
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Update on new loans

Previously I had written about signing up a partner in Sri Lanka. At this stage we have learned that a proposal to approve the loan to Berendina Microfinance Institution backed by our guarantee is being reviewed by the bank’s risk and credit committees. We have been informed that the reviews should be complete by the end of July. We are cautiously optimistic that this process should go through smoothly and we hope to have loans online soon.As I had mentioned in my previous post we are also…See More
Blog post by Bhalchander Vishwanath Jul 9, 2011
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Sushil Kumar is now a member of UnitedProsperity.org Jun 29, 2011
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ajay jaiswal is now a member of UnitedProsperity.org Jun 27, 2011
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Discussions posted by Ari Anders Brownstone Jun 21, 2011
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Ari Anders Brownstone is now a member of UnitedProsperity.org Jun 21, 2011
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Bhalchander Vishwanath commented on Bhalchander Vishwanath's blog post 'Microfinance in India – solving the Gordian Knot'
Hi Grant,   Our intention has been exactly on the lines you suggested. - We want to get local banks to invest in local economies by lending. The guarantee does that very powerfully. - Work in regions that are not covered.   Using this…
Jun 21, 2011

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