We have already described the idea of microcredit organizations for entrepreneurs of small businesses. They all fit into one model: p2p direct loan and grants. California Organization of United Prosperity went the other way, betting on loan guarantees. In fact United Prosperity - the world's first website to provide loans. The mission of this organization - to help fight global poverty through the guarantee of bank loans.
The problem of micro-credit - is a serious problem to solve it at the present time, neither the state nor the banks can not. Banks will not lend to entrepreneurs because these loans are not provided.
Draft United Prosperity decided to find and unite on the site volunteers guarantors from around the world who are ready to help entrepreneurs obtain financing their business.
The operating principle of the following - a potential borrower chooses an entrepreneur who wants to help from the list provided on the website and then transfer the money via PayPal. United Prosperity, in turn, unites all borrowers, as guarantors for a bank partner that participates in the project and highlights the loan under a certain percentage for the entrepreneur.
For every 1 dollar surety bank gives $ 2 or more for the entrepreneur. For example, if the guarantors listed a total of 100 dollars to support a particular project, the Bank allocates a loan of $ 300.
Individual borrowers can also track the success of their business through the site, and as soon as entrepreneurs return granted them a loan, borrowers receive their money back to a personal account PayPal.
The advantages of this scheme are obvious credit-entrepreneur gets an opportunity to develop a positive credit history that is important for future relations with the banks, lower interest rates on bank loans, and a more responsible attitude to the business organization on such terms.
This site has 111 borrowers have helped 105 entrepreneurs in the amount of USD 11,000.