Bach, Switzerland (PRWEB) June 14, 2012
The Prospero Foundation, founded by Ulrik DeBo of Debondo Capital, is proud to announce that a micro-loan donation has been made to a shoemaker in Harhorin, Mongolia.
Tsendjav, 55 years old, lives with her husband and one daughter in Harhorin, the ancient capital city of the Mongolian Empire. She and her family live in a ger (a traditional Mongolian nomadic tent). Her daughter helps during the summer months, when she is not at university.
The couple started the business in 2000. Since then she has built a stable operation, attributing her success to her excellent sewing. Over many years, she has gained both experience and a wide customer base.
By receiving a loan provided by the Prospero Foundation and delivered though Xac Bank, Tsendjav was able to purchase the leather, fabric, heels, and glue necessary for her to increase her production capabilities, grow her small business, and ultimately improve conditions for herself and her family.
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