• Costa Rica Coffee Guide

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

Former Latin American leaders condemn ‘breakdown in the rule of law’ in El Salvador
El Salvador
8 views
El Salvador
8 views

Former Latin American leaders condemn ‘breakdown in the rule of law’ in El Salvador

The Tico Times - May 6, 2021

Some 20 former presidents of Spain and Latin America, including Felipe Calderón and Vicente Fox from Mexico, and Álvaro Uribe…

Quepos airport renovations (finally) underway
Costa Rica
9 views
Costa Rica
9 views

Quepos airport renovations (finally) underway

Alejandro Zúñiga - May 6, 2021

Renovation and expansion of the runway at La Managua Airport in Quepos began Wednesday and will completed before September. "The…

PAHO says region’s hospitals are ‘dangerously full’
Latin America
10 views
Latin America
10 views

PAHO says region’s hospitals are ‘dangerously full’

Ariela NAVARRO / AFP - May 6, 2021

PAHO, the Americas office of the World Health Organization (WHO), warned on Wednesday that hospitals in the region are "dangerously…