Prosperity Rings: Program Highlights http://www.prosperityrings.info Prosperity Rings is a foundation established to provide funding for micro-loans to vulnerable women. Please subscribe to our RSS feed to read about our ongoing program highlights. Feeder 1.5.7(628) http://reinventedsoftware.com/feeder/ http://blogs.law.harvard.edu/tech/rss en Tue, 02 Dec 2008 16:01:46 -0600 Tue, 02 Dec 2008 16:01:46 -0600 Sterling Eight-Year Results http://prosperityrings.info/highlights.html#sterling Sterling Eight-Year ResultsProsperity Rings funds are now worth 732% of the original amounts contributed at various times. Our Foundation, Prosperity Rings, provides a unique investment opportunity for donors for three reasons: (1) Every penny donors give goes towards loans to exceedingly poor women; (2) As funds are repaid they, plus interest, revolve into new loans. Thus a donor’s gift increases in value and the number of loans it can give; (3) Donors may find out whom they have been able to benefit.

These requirements are written into the Prosperity Rings contract with our micro credit partners. Based on this assurance and reports from our partners, the information listed below is our best estimation, accounting for differences in loan amounts, the duration of loans and other variables. What a prosperous yield on investment! READ MORE

]]> Tue, 02 Dec 2008 14:55:09 -0600 sterling-eightyear-results Google’s Generous Grant http://prosperityrings.info/highlights.html#googlegrant At the suggestion of Network For Good, Prosperity Rings applied for a Google Grants Award. On June 16th we received an email: “I am happy to let you know that your organization has been selected for a Google Grants Award. We are pleased to have the opportunity to help you get your message out to a targeted audience of Google users. We have created and activated the Google AdWords campaign for Prosperity Rings.” READ MORE]]> Tue, 14 Oct 2008 14:53:28 -0500 googles-generous-grant PAT Joins Prosperity Rings' Endeavors http://prosperityrings.info/highlights.html#PATjoins While in Trichy, we interviewed the President K Hirudayasami and Secretary R Stephen of People’s Action for Transformation (PAT). PAT had completed our requisite questionnaire to determine eligibility for Prosperity Rings funding and looked quite good on paper. K Hirudayasami drove us to one of the rural self help group (SHG) meetings where we observed a well structured repayment session and met the borrowers. We were quite favorably impressed with PAT and have invited them to submit case studies of those needing loans to mount on our web site as a starting point to work with them. READ MORE]]> Sun, 10 Feb 2008 14:46:31 -0600 pat-joins-prosperity-rings-endeavors Update on Rotary Grant to ANISHA http://prosperityrings.info/highlights.html#updaterotarygrant On the occasion of the Prosperity Rings’ visit to Trichy, we met with current and former Presidents of the Rotary Club of Tiruchirapalli to discuss the progress of the grant disbursements toward 396 initial loans, which have now revolved into a total or 608 loans. The Rotarians, as well as representatives of Prosperity Rings, are pleased with the selection of borrowers as recipients of the loans based on their viable enterprises. The Rotary Club of Tiruchirappali required the loans from the Matching Grant to be used in urban Trichy. READ MORE]]> Sun, 02 Sep 2007 14:40:33 -0500 update-on-rotary-grant-to-anisha SRI Innovative Training http://prosperityrings.info/highlights.html#SRItraining We congratulate our beneficiary, the Society for Rural Improvement (SRI), on its exemplary training of borrowers in a multitude of skills and enterprises. Groups of borrowers in six villages designated for Prosperity Rings loans have become skilled in techniques toward making umbrellas, candles, dolls, soap, areacanut leaf products, and plaster-cast idols. Others expanded their expertise by participating in a class on sustainable farming. READ MORE]]> Sat, 02 Jun 2007 14:34:09 -0500 sri-innovative-training Nobel Peace Winner — Founder Of Micro Credit, Muhammad Yunus http://prosperityrings.info/highlights.html#nobelpeace Prosperity Rings is pleased to inform you that the "father" of our micro credit work won the Nobel Peace Prize for 2007. "Bangladeshi economist Muhammad Yunus and the Grameen Bank he founded won the Nobel Peace Prize for their pioneering use of tiny, seemingly insignificant loans-microcredit-to lift millions out of poverty," wrote the Associated Press on October 13, 2006. READ MORE]]> Thu, 15 Mar 2007 14:09:04 -0500 nobel-peace-winner-founder-of-micro-credit-muha