ProPhilanthropy Fund

ProPhilanthropy Fund

Overview: Advancing Compassion Project's microfinance support program for projects that are proactively and efficiently promoting individual and community development.

Key Features

• Model: Recurring investment model providing immediate tax deductibility for donors and long-term sustainable impact for beneficiaries
• Capital Type: Loans or loan guarantees for selected projects promoting individual and community development
• Geographic Scope: International (developing countries) and United States (underserved communities)
• Partner Organizations: Works with microfinance organizations including:
- LendWithCare (UK-based initiative of CARE International) - Accion (world pioneer in microfinance) - Small banks, savings and loans, and cooperatives in partner countries

Selection Criteria

• Ability to ensure high rates of repayment (typically through community group guarantees, co-signing, and other forms of security)
• Sustainable impact that helps beneficiaries and surrounding communities
• Special priority given to projects that can serve as models for others in their communities or regions

Impact

• Since 2013, provided more than $280,000 in no-interest loan support
• Has helped thousands of families move out of poverty