Latest Loans from Adam Smith Benevolent Fund

Angel

Ester

The Moorfield Storey Institute regularly makes small loans to entrepreneurs in developing nations. We believe that the best way to solve social ills in the world is with economic development. The greater the income the more health care, education, food, etc., that individuals are able to provide themselves.

These entrepreneurs often create jobs that benefit the entire community. Profit-seeking on their part encourages the kind of values necessary for a free society to flourish. A portion of income from book sales made at our site Fr33minds.com goes to benevolent purposes that encourage individuals to better their lives through self-initiative.

We have added two loans to our list today:

Ester is 64 and a single woman. She has run a general store in Tanjay, Philippines for the last 9 years. She is using her loan to expand the business by purchasing additional goods that she can sell.

Angel sells electrical supplies in San Ignacio, Paraguay. He wishes to expand his business with more supplies so customers can always find what they need in his business. He is also hoping to expand into home improvement goods.

By purchasing books from Fr33minds you not only help the Storey Institute in promoting the values of a free society, but a portion is used to encourage the growth of market-based solutions in the developing world. Economic prosperity not only betters the lives of individuals but it leads to a more peaceful, interconnected world, something in the self-interest of everyone. Donations may be made to the Storey Institute here.