Bach, Switzerland (PRWEB) July 03, 2012
The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is proud to announce that it has entered a partnership with a Mongolian Bank, Xac Bank.
Xac Bank’s mission is to stimulate the sustainable development of Mongolia that can come only from educated and skilled people and competitive and dynamic businesses.
The bank provides equitable access to transparent, reliable and responsive banking products and services to clients who are deserving and hardworking, but frequently have no credit history or collateral.
Through partnerships with local lending institutions like Xac Bank, the Prospero Foundation contributes capital for the purpose of small business loans to 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