Bach, Switzerland (PRWEB) May 24, 2012
The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is proud to announce that a micro-loan donation has been made to an Armenian Cattle Farmer, via Nor Horizon UCO LLP
Nor Horizon UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses.
41-year-old Ruzanna is engaged in cattle breeding and gardening. For more than 20 years she and her family have bred cows and calves and grown fruit and vegetables. She sells these at the market to sustain her and her daughters, whilst her husband and son leave for many months to Russia for seasonal work.
The micro-loan will ease some of the pressure, and allow her youngest daughter to remain in full-time education, thereby guaranteeing her a better future.
About Micro-lending with The Prospero Foundation
Through partnerships with local lending institutions, the Prospero Foundation contributes capital for the purpose of small business loans to these micro-entrepreneurs in developing nations. Through these partnerships, the Foundation helps small business people such as farmers, shopkeepers, and artisans build their businesses and in turn stimulate economic development in their communities.
About The Prospero Foundation
The Prospero Foundation is a private, international charitable foundation founded by Ulrik DeBo. Mr. DeBo, a lifelong entrepreneur, whose upbringing and eventual success in the finance industry, through his company DeBondo Capital Ltd, gave him the relevant experience and insight required.
The foundation is run by a global network of entrepreneurs, who raise funds privately amongst their business contacts, and choose to invest them using a 'pay-it-forward' philosophy to focus on charitable projects that promise to perpetuate a chain reaction of positive growth opportunities for individuals and local communities for generations to come.
It is a foundation that empowers citizens to help themselves and those around them.
For additional information, please visit http://www.prosperofoundation.org