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Blog Posts

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…

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

Forum

We Need Your Help!

Hi I am the founder of SAYDC.org. We open developmental centers for teens with disabilties. Our granding opening is August 2012. We are having a pledge drive to raise money for supplies to inlcude:…Continue

Started by Milisa Fowler in General Information Apr 14.

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 9, 2011.

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.

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.

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.

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.

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.

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.

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 9, 2011.

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.

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

Bhalchander Vishwanath posted a blog post

Upcoming launch in Sri Lanka

We are pleased to announce that we have started putting together the paperwork  for the launch in Sri Lanka. While the structure of the agreement with the bank is in place, there are still some clarifications needed on specific documentation requirements.We will be updating the blog on the progress over the next few weeks. Thanks again for your patience and we look forward to  have entrepreneurs online soon.See More
May 7
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Milisa Fowler updated their profile
Apr 14
Milisa Fowler posted a discussion

We Need Your Help!

Hi I am the founder of SAYDC.org. We open developmental centers for teens with disabilties. Our granding opening is August 2012. We are having a pledge drive to raise money for supplies to inlcude: computers, art supplies, special equipment, music, books, and the building of a wheel chair ramp. Please go the website for more information https://www.saydc.org Thank youSee More
Apr 14
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Milisa Fowler posted photos
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Apr 1
Profile IconJessica Leigh Howard Smith, sanjay Bala, Milisa Fowler and 1 more joined UnitedProsperity.org
Apr 1
Bhalchander Vishwanath posted a blog post

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
Nov 13, 2011
0 Comments
David2051 updated their profile
Nov 5, 2011
Bhalchander Vishwanath posted a blog post

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
Oct 17, 2011
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Denise Townsend is now a member of UnitedProsperity.org
Oct 1, 2011
Welcome Them!
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 21, 2011
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 19, 2011
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
chinthuv is now a member of UnitedProsperity.org
Sep 18, 2011
Welcome Them!
Abdul Riyaz is now a member of UnitedProsperity.org
Sep 9, 2011
Welcome Them!
Bhalchander Vishwanath's blog post was featured

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
Aug 16, 2011
3 Comments
Bhalchander Vishwanath posted a blog post

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
Aug 16, 2011
3 Comments
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 9, 2011
parmod kalirana is now a member of UnitedProsperity.org
Aug 9, 2011
Welcome Them!
Paul posted a discussion

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
Aug 1, 2011
1 Comment
Bhalchander Vishwanath posted a blog post

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
Jul 8, 2011
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