Prosperity Rings is a non-profit, 501(c)(3) charitable foundation formed to grant funds to be used as loans so that vulnerable women can establish small enterprises as a means of support for their families. We connect donors from relatively prosperous countries with a pool of the "poorest of the poor" in third world countries. Through accredited on-site micro-lending partner organizations in India — SPANDANA, ANISHA, SRI, and PAT that we screened and selected — we link donors to specific women borrowers to enable donor measurement of personal and community progress. The process is accomplished through the on-site partner facilitating agencies that:
- recruit and train borrowers
- distribute loans to qualified borrowers
- help them form groups that are accountable for each others' loans
- meet with groups of borrowers to collect on the loans and provide guidance
The repayment with interest generates funds that can be reinvested as a second and third loans and used to start other women on their journey toward sustainable prosperity. Thus, your contribution keeps on growing. The entire community benefits from improvement projects brought about by the borrowers who become newly confident and capable leaders.
You, as a donor, are welcome to accompany us on our annual monitoring visit to our borrowers in India. In 2008 we will visited in October.
Besides individuals, corporations and Rotary Clubs, we now have three book clubs, a wine tasting club, a bridge group, and four reunion families as our contributors.