Major work is being carried out at the Kumari preschool these days. Since the preschool received a microloan from LEO mid December the school has been undergoing a serious transformation.

The images on this page were taken at the beginning of this week and give a great indication of the change taking place.

Unfortunately prices hiked up since the first estimates to renovate the preschool were given. It works out that an additional £200.- is required to finish the work. Hence we at LEO keep on trying to raise the funds.

Now you might have noticed that the wording ‘microloan’ was used. It is important to keep in mind that anything that actually costs money is more valuable than something that comes for free.

So, to ensure that people are extremely serious about what the wish to use the money for it is given in the form of a microloan.

Interest is charged on the microloan which generates money to invest in other projects.

The interest rate is carefully considered and depends on the return on investment the organisation or individual borrowing the funds can realisticly expect.

LEO Project Foundation is a non profit organisation and the microloans are primarily to ensure that those asking for funding use it wisely.

This entry was posted on Sunday, January 10th, 2010 at 5:00 pm and is filed under Success. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.