Antibes, France (PRWEB) March 30, 2015
The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is excited to announce that a microloan donation has been made to Abdullah in Sana’a, Yemen.
Abdullah left school aged 12, and went on to get married and father 11 children – his oldest child is 25 years old, with the youngest one being only 9 years old. Abdullah himself has reached the age of 54, and has been working as a taxi driver for one year. He was able to save enough money and purchased his own taxi to help improve the profits in his business. Unfortunately, most of what he earns is spent on repair and maintenance of the taxi, but with eleven children, this can’t always be a priority. The money that The Prospero Foundation provides will contribute to buying spare parts and a complete overhaul of the taxi, reducing future breakdowns, and saving him on potentially catastrophic repairs. Abdullah's vision is to purchase a second taxi for his transportation business and rent it to a secondary driver, and eventually plans to purchase some land in order to build his own home for his vast family. The Prospero Foundation is happy to help him realise his ambitions.
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. Al-Amal reaches out to low-income micro-entrepreneurs and small business owners in Yemen with a suite of credit, savings, and insurance products tailored for Muslim borrowers as part of a joint program between it and the Social Welfare Fund in Yemen to reach the extreme poor who are dependent on grants from the state's Social Safety Net. Al Amal enables these borrowers to establish new enterprises and grow existing ones so they can boost their income and stop living on government funds. By funding this loan, you are empowering the extreme poor in Yemen to lift themselves out of poverty.
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)