Economic Empowerment CSR News

Changing the Mindset from Old Power to New Power in the Arts

Blog

In Jeremy Heimans and Henry Timms’ new book, New Power: How Power Works in our Hyperconnected World and How to Make it Work for You, the authors define “old power” like a currency (held by a few) and “new power” like a current (open, participatory and peer-driven).

Microfinance vs. Informal Finance: A Fair Comparison?

Blog

by Claire Kelly, Asia/Pacific Regional Director

If microfinance is so effective, then why hasn’t the industry put informal moneylenders out of business?

Taking a Bite Out of Student Loan Debt

by Jim Witkin
Article

To get a good job and earn a good salary: stay in school, go to college, and get a degree. So goes the conventional wisdom, and the research bears this out. Countless studies have shown that individuals with college degrees will earn more money over the course of their careers than those without a degree.

But the numbers also show that for many, the degree comes with a mountain of student loan debt that will take a good portion of their careers to pay off.

KOMIDA: Investing in a Future Without Poverty in Indonesia

Blog

by Claire Kelly, Asia/Pacific Regional Director

As part of Whole Planet Foundation’s annual due diligence visits to our microfinance partners around the globe, we observe the presence or absence of “responsible finance indicators” which shed light on how our partners are serving the world’s poorest people. Many of our microfinance partners use or develop strategies to inform their work, ensuring they are reaching their target populations with the services they need most.

The Spark of Entrepreneurship + Whole Planet Foundation: Part I

First in a two-part guest blog series from Sophie Eckrich, a former Whole Planet Foundation intern and founder of Teysha.
Blog

Ten years ago, I embarked for a life-changing journey as an intern for Whole Planet Foundation with their microfinance partner, Grameen Bank, in Panajachel, Guatemala. I was 19 years old, a rising Sophomore at the University of Texas at Austin, and I had no idea what to expect.

How Cocoa and Honeybees Are Helping Latin American Farmers Thrive

Summary: 

A simple honeybee: It provides you with deliciously sweet honey for your tea. It helps pollinate the crops of fruits and vegetables that end up on your family’s dinner plate – even the coffee beans for your morning drink. That same honeybee can also help small family farmers in places like the dense forests of Mexico thrive.

Blog

A simple honeybee: It provides you with deliciously sweet honey for your tea. It helps pollinate the crops of fruits and vegetables that end up on your family’s dinner plate – even the coffee beans for your morning drink. That same honeybee can also help small family farmers in places like the dense forests of Mexico thrive.

Dell and IMPACT Announce Collaboration to Support Women’s Empowerment in Democratic Republic of Congo

As the Dell’s Women Entrepreneur Network (DWEN) meets in Toronto, the tech leader announces new funding for business education of women in Congo focused on investing strategies to support new entrepreneurship opportunities
Press Release

TORONTO, July 17, 2018 /3BL Media/   Dell is teaming with the Canadian-based non-profit IMPACT to provide women in the Democratic Republic of Congo with business education focused on investing their savings into new entrepreneurship opportunities in their communities.

Teck Releases 2017 Economic Contribution Report

Article

Teck has released its second annual Economic Contribution Report, providing information about the economic benefits generated by its activities, including payments to suppliers, employee wages and benefits, and payments to governments. The report builds on Teck’s commitment to transparency and voluntary disclosure.

Financial Diaries: Lessons From Small Enterprise Foundation in South Africa

Blog

by Zoe So, Whole Planet Foundation Eastern/Southern Africa Regional Director 

One of the core assumptions of microfinance is that the ability to reach a large number of borrowers helps bring efficiencies, sustainability, and impact. Many microfinance organizations often talk about their success in terms of scale and big picture numbers: how many borrowers do they reach? How big has the loan portfolio grown?

Is Cryptocurrency the Last, Best Hope for African Youth Entrepreneurs?

Article

As every successful entrepreneur can attest, nothing helps transform a great idea into a real product or service faster than access to adequate resources -- especially capital.

Yet, over 80% of African entrepreneurs still struggle today to get their businesses properly funded. Too many innovative ideas are strangled before they even get started. Grammy-nominated artist and philanthropist, Akon, hopes to solve this problem with AKoin, his new cryptocurrency.

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