Bach, Switzerland (PRWEB) February 07, 2013
The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is proud to announce that a microloan donation has been made to Jacob in Nuu-Mwingi, Kenya.
Jacob is just 22 years old and has already been running his barbershop for three years. He is still single but supports his parents with the income he makes from his shop, as well as paying for his own basic needs.
With help from The Prospero Foundation he plans to buy a shaving machine to increase his profits and will plough these extra funds back into the business to expand it and improve his living standards and those of his parents.
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
8806 Bäch, Switzerland