Traditional Medicinals Renews Commitment to the Whole Planet Foundation Supplier Alliance for Microcredit
For two weeks beginning June 23, supplier partners are supporting the Whole Planet Foundation Prosperity Campaign in select Whole Foods Market stores and online to alleviate poverty in countries that supply the company’s stores with products.
Since 2006, Whole Planet Foundation has disbursed $92 million through microfinance partners in 78 countries in Africa, Asia and the Americas, including in 20 U.S. cities. Whole Planet Foundation collaborates with a wide network of microfinance organizations and supports entrepreneurs in some of the most marginalized and remote communities around the world, funding 4.9 million microloans and 26 million opportunities for a better life for microentrepreneurs and their family members.
“With a microcredit loan, an impoverished woman can generate income and lift up herself and her family. Each year, the generosity and support of Team Members, shoppers, suppliers and corporate partners provides life-changing opportunities for microentrepreneurs to generate income and lift themselves and their families out of poverty,” said Joy Stoddard, Whole Planet Foundation development and outreach director. Because Whole Foods Market covers the foundation’s operational costs, 100% of every donation benefits microcredit clients.
Traditional Medicinals has committed $50,000 to Whole Planet Foundation this year. As a repeat annual donor, Traditional Medicinals has donated $405,949 to fund 2,332 microloans and create 12,360 opportunities for a better life through entrepreneurship.
In addition to funding microcredits through their work, Traditional Medicinals is committed to social development projects in their own sourcing communities around the world. “Farmers and collectors are at the heart of our company. We prioritize the livelihoods of the growers and gatherers that cultivate our herbs and allow us to continue to innovate quality medicinal herbal remedies. We choose to invest in communities not only because it mitigates risk and builds lasting business relationships, but because it is the right thing to do. Partnering with organizations, like Whole Planet Foundation, helps us realize this shared vision” says Jamie Horst, Executive Director, Traditional Medicinals Foundation.
Learn more about the transformative power of microcredit at Whole Planet Foundation, and join Traditional Medicinals in the Prosperity Campaign online to fund essential businesses of women entrepreneurs worldwide.