The current Corona virus crisis is proving, as expected, to be extremely damaging to our very deserving but struggling beneficiary base. Our beneficiaries have worked so hard to get their businesses started and in many cases thriving, to enable their financial inclusion in the economy and provide for their families. In this unprecedented time of crisis, when they are forced to suspend trading and at the same time, mostly fall outside the scope of the self-employed government provisions, they just will not survive a period of 3-6 months of being unable to trade.
Here at Fredericks we are trying to provide as much support as we can, by offering additional loans and payment holidays, in an endeavor to ease their pain and keep them afloat until the crisis is over. Our support, however, is naturally putting a strain on our limited resources, which is the reason for this appeal to you.
I am writing to ask, in this time of crisis, if you could consider making a donation to our Foundation, no matter how large or small, to enable us to provide desperately needed additional support to our currently concerned and frightened client base.
I look forward to your early reply and no matter what your decision is, we are very appreciative of your generous support.