Brande, Denmark, 2015-9-1 — /EPR Retail News/ — A NEWLY ESTABLISHED FOUNDATION WILL PROVIDE LOANS AND EQUITY TO ENTREPRENEURS AND BUSINESSES THAT CAN HELP FIGHT POVERTY IN AFRICA, CHINA AND INDIA.
Loans & investments to fight poverty
Africa, rural China and India are home to extreme poverty, but they are also full of potential business cases that need support and partners to be able to grow and create jobs which can lead to much needed development for the poor.
“The new BESTSELLER FOUNDATION aims to make a contribution to fight poverty by investing in – and providing loans to – projects and businesses that can generate jobs, growth and development to the benefit of people in need,” says Anders Holch Povlsen
Business rather than donations
The new BESTSELLER FOUNDATION will therefore focus on providing loans and investing in projects such as ’mobile-money-solar energy’, processing of food products, agri-businesses that add value to crops and much more. Grants and donations will only be provided when it is highly relevant and necessary.
Anders Holch Povlsen continues:”By providing loans and channelling equity, BESTSELLER FOUNDATION wishes to encourage future partners to take more responsibility and pursue growth and development of their businesses that will ultimately help people to help themselves”.
Helping people help themselves
The new foundation will primarily invest in projects and businesses that will create jobs, produce more food and help poor communities and ecosystems become more sustainable.
BESTSELLER FUND & BESTSELLER FOUNDATION
In 1995 BESTSELLER founders Troels & Merete established BESTSELLER FUND to support cultural, social and charitable projects in Denmark and abroad. Ongoing projects launched by BESTSELLER FUND will be transferred and managed by BESTSELLER FOUNDATION.
In 2015, Anders establishes BESTSELLER FOUNDATION. The new foundation will primarily provide loans and channel equity to businesses and entrepreneurs that can help fight poverty in Africa, India and China.
Read much more and follow about BESTSELLER FOUNDATION on their new website: www.bestsellerfoundation.org
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