Bach, Switzerland (PRWEB) July 06, 2012
The Prospero Foundation is pleased to announce that it has formed a relationship with Cambodia’s leading Microfinance Institution in order to support some of the country’s poorest citizens.
The Institution, Angkor Mikroheranhyatho Kampuchea Co. Ltd. (AMK) aims to improve lives by providing Cambodia’s poorest citizens with a range of tailored microfinance services. By leveraging AMK’s local presence and expertise, the Prospero Foundation is helping local Cambodians by providing capital for microfinance loans.
The Prospero Foundation aligns itself with local institutions such as AMK as a part of its strategy to provide effective financial support with little or no overhead.
As of December 2011, AMK reached 280,195 clients in 9,152 villages across Cambodia with a loan portfolio value of almost US$48 million. AMK takes strong measures to include the country’s poorest and most marginalized citizens.
AMK’s services are in alignment with the Prospero Foundation’s mission to help people overcome the barriers imposed by poverty, and its values of empowerment and self-sufficiency.
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