Antibes, France (PRWEB) December 15, 2014
The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is excited to announce that a microloan donation has been made to Yawa, from Hédzranawoé, in Togo.
She is a young married woman with a five-year-old daughter, who set up a stall at her local market to sell cookies and confectionary in 2006. The funds she receives from The Prospero Foundation will be used to procure more stock and therefore grow her business.
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. This loan is administered by Women and Associations for Gain both Economic and Social (WAGES), Togo’s second-largest microfinance institution. Along with a wide range of savings and loan products, WAGES offers its clients training programs in basic literacy, health care (HIV/AIDS and malaria), and business-related subjects (business management, marketing, accounting).
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
Prospero EnFrance (Registration No: W061004154)