In recognition of Black History Month, Marc H. Morial, president and CEO of the National Urban League, reflects on the state of economic justice in the U.S.
‘Viewpoints’ invites guest authors from outside of Wells Fargo to share an important perspective related to their work. Today, we welcome Marc H. Morial, president and CEO of the National Urban League.
Every quarter Whole Planet Foundation aggregates field metrics from our microfinance partners who are disbursing and collecting microcredit loans to people living in poverty. With a small loan – the current average first size is $178 - an impoverished entrepreneur has the opportunity to create or expand a home-based business and generate income for herself and her family. See who we support and view our impact dashboard.
by Carl R. Tannenbaum, Ryan James Boyle, and Vaibhav Tandon
I was born too early to benefit much from Sesame Street, but I still loved The Muppets. Kermit the Frog was my favorite character; alternatively in full control and overwhelmed, Kermit struggled to make sense of the nonsensical. To this day, there are times that I feel confronted with the same challenge.
Kermit produced numerous pearls of wisdom, such as:
“Beware of advice from experts, pigs, and members of Parliament.”
“It’s nice to be important. But it’s important to be nice.”
Numi Foundation Celebrates People, Planet & Possibility on International Women’s Day
Numi Organic Tea is a new member of Whole Planet Foundation’s Supplier Alliance for Microcredit, donating $50,000 this year to alleviate global poverty through microcredit. Microloans are small loans – the current average first loan size supported by Whole Planet Foundation is $178 – with no formal collateral or contract, provided to the world’s poorest people – mostly women - to create or expand a business for the opportunity to pull themselves and their families out of poverty.
Papyrus-Recycled Paper Greetings is the founding member of Whole Planet Foundation’s annual $100,000 Fund. To date, Papyrus-Recycled Paper Greetings has donated $600,000 to alleviate global poverty through microcredit. Microloans are small loans – the current average first loan size supported by Whole Planet Foundation is $178 – with no formal collateral or contract, provided to the world’s poorest people – mostly women - to create or expand a business for the opportunity to pull themselves and their families out of poverty.
Latest Diverse Community Capital funding helps diverse small businesses start and grow across U.S., including Puerto Rico
SAN FRANCISCO, February 28, 2019 /3BL Media/ Wells Fargo announced $18.5 million in grants today to nine Community Development Financial Institutions (CDFIs) so they can unlock capital or increase training to diverse small businesses across the U.S. Two CDFIs are receiving awards to continue their work supporting entrepreneurs in Puerto Rico, which is still recovering from the aftermath of Hurricane Maria.
by David Rozzio, Managing Director at HP South Africa
It was with great excitement that this weekend Johannesburg welcomed the first-ever Global Citizen Festival in South Africa. The event was in celebration of community and the power it has to combat one of the world’s greatest challenges: extreme poverty.
More than anywhere else on earth, sub-Saharan Africa is feeling the effect of rapid urbanisation, digitisation and globalisation. With youth unemployment in Africa up to 3x higher than that of adults, there is a very real need for quality learning and digital literacy to unlock our full potential.
Erliana borrows from Whole Planet Foundation’s long-term microfinance partner KOMIDA in Indonesia. She uses her loan capital to buy fish and then her husband uses salt to dry them so she can sell them along the roadside. Erliana has been a KOMIDA microcredit client for two years. She started with a loan of 2 million IDR (≈$137 USD) and currently borrows 5 million IDR (≈$342 USD).
You’ve heard the expression: “It takes a village to raise a child.” Well, the same is true for fostering the success of women entrepreneurs around the world! This year, we are kicking off a new series called People Power Microcredit. We will take you behind the scenes to introduce you to the teams that are dedicated to empowering the world’s poorest people to become entrepreneurs. You will meet Field Officers, volunteers, and Whole Planet Foundation staff. Through their stories you will get a glimpse into a day on the job—whether it is in Austin, Texas or Huehuetenango, Guatemala.