By Scott Paterson | Founder
The Poverty2Prosperity.org Education Fund is helping both students and educators with zero percent interest loans. Across all our funds, we have a 99.74% repayment rate and when repayments come in, they go right back out into new loans. Donations made now will keep making new loans for about 100 years. To date, we've made almost 400 loans and have lost less than $30. Below are details about one of our most recent loans:
Mrs Luong is 42 years old and she is married. She has two children. She has operated a food stall/restaurant selling snacks for 1 year. Luong lives in Thanh Hoa city, a semi-urban town in Thanh Hoa province. Her work is not stable, so when in her child's school starts, she doesn't have money to pay for tuition fees.
The main hardship that she faces is lack of money to keep sending her children to school. She is requesting a loan to purchase books, school supplies, clothing uniforms and to pay school fees for her children.
With her business profit, Luong hopes for her family to be healthy and happy, for her children to do well in school, and for her business to do well.
This loan is special because:
It provides children from low-income families with greater access to education.
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