Bakery to donate portion of festival proceeds, profits

SALT LAKE CITY — The Sheer Ambrosia bakery has been selected to supply pastries for the 2010 Salt Lake City Greek Festival, which runs through Sunday, and its owner plans to give "a significant portion" of that money and other profits to a micro-enterprise loan program to help low-income women throughout the world start businesses of their own.

Rita Magalde, the owner of Draper-based Sheer Ambrosia, said she was inspired by The Girl Effect, a nonprofit organization that helps females in developing nations with small loans to get businesses off the ground.

Magalde said she has structured her bakery by building a profit-sharing component into the business that goes toward efforts to help other women.

"I am very conscious of the fact that the only real difference between myself and many of these women and girls is the place where we were born," Magalde said. "I believe that women are vitally important to the future of our planet and know that there are many who can benefit from even small amounts of assistance."