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

 

Facebook Comments

You may be interested

Tico Times Weekly Digest
12 views

The Tico Times Weekly Digest: Oct. 22, 2018

Alexander Villegas - October 22, 2018

It's Monday everyone. That means it's time for another dose of The Tico Times Weekly Digest. Here's the full list…

This week in the Peace Corps: Lessons from indigenous communities in Limón province
Changemakers
101 views
Changemakers
101 views

This week in the Peace Corps: Lessons from indigenous communities in Limón province

Crystal / Regional Peace Corps Leader - October 22, 2018

After four years with Peace Corps Costa Rica, I am reflective about living and working in indigenous communities throughout Limón…

CREAR: Enjoy, don’t destroy
Pic of the Day
505 views
Pic of the Day
505 views

CREAR: Enjoy, don’t destroy

Alissa Grosskopf - October 22, 2018

The association CREAR in Sámara, Guanacaste helps create social change by hosting art and social activities for children. They also…