Bach, Switzerland (PRWEB) April 25, 2013
The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is excited to announce that a microloan donation has been made to Don Luis Angel, a farmer in El Salvador.
Don Luis is a diligent young farmer with a wife and six year old child. He has been working since he was fifteen years old, working hard to improve his farm and be responsible for his family. He has provided for them sufficiently to own his own home, using the profit gained from focusing mainly on corn and beans.
He requires a microloan in order to re-invest into his farm, to purchase agricultural equipment in order to continue growing seeds, with the aim of eventually expanding his business.
The Prospero Foundation is proud to help this capable young man improve his family’s lives.
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. In this case, the loan is part of a specific program to help subsistence farmers located in high-risk regions of El Salvador, particularly along volcano fault lines.
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