Bach, Switzerland (PRWEB) January 15, 2013
The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is proud to announce that a microloan donation has been made to Pedro Antonio, near Guayaquil, in Ecuador.
Pedro lives in a suburban area north of the large city of Guayaquil, called El Fortín. He is 45 years old and married with two grown children who have left home. For many years he dreamed of owning his own business, but the financial constraints of a country where the average annual income is less than $5K USD made this seemingly impossible. He spent the last twenty years learning his craft, and working hard for others, allowing him to open his own workshop a year ago, where he makes furniture such as beds and wardrobes. With no free time and trying to succeed with a new business, he has not been able to hire any staff, so he works extremely long hours with only his wife to help him.
With these funds from The Prospero Foundation, he plans to purchase wood, varnish, paint and tools etc. with the hope of eventually expanding his business and the ability to distribute his products to a warehouse to increase his profit margin, and be able to look after his family long-term.
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
info (at) prosperofoundation (dot) org