Bach, Switzerland (PRWEB) November 27, 2012
The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is proud to announce that an educational micro-loan donation has been made to a student undergoing teacher training in Mongolia, in partnership with XacBank.
Batchimeg Sumyadorj is already a mother at the age of 21, which has increased her drive and determination to achieve her childhood dream of becoming a teacher. She intends to work in a provincial school in one of the developing rural areas of Mongolia, where she will be able to help the children grow and prosper to a more positive future. With six months left before she qualifies, she currently has no income as such with which to support her child and help her parents, and would not have had access to any other source of finance.
This loan from The Prospero Foundation will help her invest in the development of her country, as well as in her parents’ business, relieving some of their burden as they move into their later years.
About Educational Micro-lending with The Prospero Foundation
Through partnerships with local lending institutions, the Prospero Foundation contributes capital for the purpose of providing loans to support the education of students in developing nations. Through these partnerships, the Foundation helps exceptional and hard-working students continue or complete their education in a specific field. The chosen fields will ideally be ones that will eventually benefit the community as a whole.
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
8806 Bäch, Switzerland