Looking to Support a Micro-Business Project

August 24, 2007

Dear Nica Times:

This is an open letter to Nicaraguans: Hello, my name is Nicole Yong and I am currently a student in the United States. Starting this September, I will be receiving a small stipend of $400.

Truthfully, at first I wanted to create a fund to donate this money simply because I wanted to contribute to the Nicaraguan quality of life.

However, I realized that by donating money, I would be no different than the other faceless contributors who simply donated money for the sake of donation, and did not truly care about how the money would be spent to alleviate any difficulties.

I want to be an active participant; not a faceless donor. Therefore, using the concept of micro-economics, which focuses on directly lending money to the small business owner, I am hoping to create a trustbased loan system.

I know that many people in Nicaragua have a very big potential to operate a business, but a small fortune is needed to start such an enterprise.

Thus, I am hoping to lend this money to a potential business owner with whom I will work to counsel and bridge connections with similar businesses in the United States.

Of course, there will be no interest charged under any conditions. Essentially, the main concept of this trust-based loan is to allow those who want an opportunity to start their own business reach their full potential.

If you are interested or have any further questions, please feel free to contact me at nicoleeyng37@yahoo.com.

Nicole Yong

Rancho Palos Verdes, California, USA

 

You may be interested

Response to disaster: aid successes, struggles in post-Maria Puerto Rico
Weather
124 views
Weather
124 views

Response to disaster: aid successes, struggles in post-Maria Puerto Rico

John McPhaul - December 13, 2017

As Costa Rica joins many other nations in looking back upon the horrendous 2017 hurricane season, longtime Tico Times contributor…

Looking back at Hurricane Maria: the initial impact
Weather
1344 views
Weather
1344 views

Looking back at Hurricane Maria: the initial impact

John McPhaul - December 12, 2017

As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…

Cold front claims fourth victim in Costa Rica
Weather
3943 views
Weather
3943 views

Cold front claims fourth victim in Costa Rica

Katherine Stanley - December 12, 2017

High winds claimed the life of a fourth victim in Costa Rica as the cold front that has been moving…