The Prospero Foundation, founded by Ulrik DeBo of DeBondo Capital, is excited to announce that a microloan donation has been made to Narciso, who grows coffee trees in Pomahuaca – Jaen – Cajamarca, Peru.
Narciso is 24 years old, and has already established a full and happy life for himself with a wife and children living with him in his own house made of rustic materials in the small village of Naranjitos in a rural area of the Pomahuaca district, in the Jaén Province, which belongs to the Cajamarca Region in the northern mountains of Peru
The climate is warm and ideal for agriculture, allowing local inhabitants to make their living mainly from growing and selling fruit and vegetables. In Narciso’s case, coffee is his product of choice, having had experience in this field for many years.
He has labourers who work for him, and is supported by his wife who helps to harvest, and feed the workers.. With this money, Ulrik DeBo knows that he should be able to increase his output to meet with increased demand, thereby generating better earnings for his 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, visit: http://www.prosperofoundation.org.
