Monday, February 15, 2010

House lottery funds to fight poverty

Mr Rabeder decided to raffle his Alpine home, selling 21,999 lottery tickets priced at just £87 each. The Provence house in the village of Cruis is on sale at the local estate agent.

All the money will go into his microcredit charity, which offers small loans to Latin America and builds development aid strategies to self-employed people in El Salvador, Honduras, Bolivia, Peru, Argentina and Chile.
Karl Rabeder who was born in Linz graduated in the combinated subjects of mathematics physics and chemistry at the College of education in Linz in 1984.

Some years later he founded a company engaged in handy-craft art.

As a passionate glider he was Austria’s state champion many times by doing so he participated at the World- and European Championship. In addition he is the trainer of Austria’s junior glider team.

Since we sold our company in 2004 we supported several orphanage projects in Central and South America. Out of it the greenhouse project arose about a year ago. With the greenhouse project orphanage school leavers have the possibility to acquire an additional education in agriculture and to raise a micro-credit in order to run their own business as vegetable farmers.

We will use the proceeds of the house lottery to co-finance the MicroCredit Organisation.
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