Bach, Switzerland (PRWEB) April 27, 2013
The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is excited to announce that a microloan donation has been made to Nabila, a beautician in Lahore, Pakistan.
Nabila is 34 years old and has operated her beauty parlour for eight years, solidly increasing her customer base and improving her reputation over time with her high quality service. She requires a microloan in order to purchase more varieties of beauty products for her salon in order to appeal to an even wider clientele, and having successfully repaid six previous microloans, she has proved herself to be a reliable and trustworthy recipient.
The Prospero Foundation is excited to provide an opportunity for this young married woman to fulfill her dreams of expanding her business, and prides itself on helping entrepreneurial women to flourish.
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 tailored to expand financial access for poor women throughout Pakistan, and has disbursed an estimated 2 million loans.
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