Economic Empowerment CSR News

K-Tec Systems CEO Cathy Koch “Believed She Could, and So She Did”—with Help from wegg® and FedEx

by Laurel Delaney
Article

“Every morning,” K-Tec Systems CEO Cathy Koch says, “I put on a bracelet that says: ‘She Believed She Could, and So She Did.’ I believe a woman must believe ‘she can’ from the day she opens her business.”

Whole Planet Foundation Poverty Is Unnecessary Project to Support 9,800 People

Impoverished Entrepreneurs and Their Family Members Will Have Opportunity Through Microcredit
Blog

Whole Planet Foundation’s annual Poverty is Unnecessary Project provides opportunity for the world’s poorest people – mostly women – to take a microcredit loan and create or expand a home-based business for the opportunity to lift themselves and their family members out of poverty through their own hard work and creativity.  Whole Planet Foundation supports impoverished entrepreneurs through microfinance partners in the United States and 76 other countries around the world.

Ceres CEO and President Tapped to Serve on U.S. Federal Advisory Committee Focused on Tackling Climate-Related Risks in Capital Markets

Press Release

November 19, 2019 /3BL Media/ - Ceres CEO and President Mindy Lubber has been appointed to the first-ever U.S. federal advisory committee focused on addressing the short and long-term financial and market risks posed by climate change to capital markets and throughout the broader economy.

Northern Oregon Homeownership to Get $7.1 Million Boost

NeighborhoodLIFT® program is part of a $1 billion commitment by the Wells Fargo Foundation to address housing affordability
Press Release

PORTLAND, Ore., November 19, 2019 /3BL Media/ - Wells Fargo and Company (NYSE: WFC), NeighborWorks® America, and its network member Portland Housing Center today announced the NeighborhoodLIFT program will expand to the city of Portland and Multnomah County this December. With a $7.1 million philanthropic commitment by the Wells Fargo Foundation, the NeighborhoodLIFT program will create more than 270 homeowners by offering $20,000 down payment assistance grants that require completion of HUD-certified homebuyer education.

Xoom Rolls Out Domestic Money Transfer Services in the U.S.

PayPal’s international money transfer service works with Walmart and Ria to offer cash pick-up in minutes at 4,700 Walmart and 175 Ria locations across the country
Press Release

SAN JOSE, Calif. November 12, 2019 /3BL Media/ – Xoom, PayPal’s international money transfer service, today rolled out the ability for customers to send money to recipients in the U.S. for the first time. Through strategic alliances with Walmart and Ria, Americans can now use Xoom to send money fast for cash pick-up typically in minutes at nearly 5,000 locations across the country*. 

Whole Planet Foundation Honors the Frontier Co-op Well Earth Program

2019 Trailblazer Awarded on October 25, Poverty Is Unnecessary Day
Blog

At Whole Planet Foundation’s Annual Benefit & Auction, the Foundation honored the Frontier Co-op Well Earth sourcing program as its 2019 Trailblazer. The missions of Whole Planet Foundation and Frontier Co-op align perfectly around one central idea -- empowering people. In 2007, Frontier Co-op created the Well Earth sourcing program not only to ensure the sustainability of its products, but to empower its growers.

Family Compensation Fund Improves the Lives of More Than 800 Colombian Farmers

Blog

The Comfandi Family Compensation Fund is improving lives by providing affordable essential services to low-income people and creating employment opportunities throughout its company value chain.

Entrepreneurs and the Racial Wealth Divide: A Q&A With Jessica Norwood

Article

African American entrepreneurs have a significantly harder time than their white counterparts do in securing funding from friends and family to launch their businesses. Entrepreneur Jessica Norwood founded the Runway Project to help them get the seed funding they need to get off the ground. She talked with the Erb Institute about how this approach both enables these entrepreneurs and benefits the broader business community.

Why did you start the Runway Project?

Benevity Announces $40M in Series C Funding From General Atlantic and JMI Equity

Investment Will Further Benevity’s Unmatched Reach and Innovation in Burgeoning Corporate Purpose Technology Sector
Press Release

CALGARY, Alberta, October 22, 2019 /3BL Media/– Benevity, Inc., the global leader in corporate social responsibility (CSR) and employee engagement software, today announced that the company has raised $40M in Series C Funding from General Atlantic and JMI Equity.

Two Latin American Startups Are Selected to Receive Grants at Village Capital Financial Health Accelerator

Monetus and ArriendoAsegurado were ranked “most investment-ready” by peer entrepreneurs and will each receive grants of USD $50,000 from MetLife Foundation, in an accelerator also supported globally by PayPal, and regionally by Moody’s Corporation
Press Release

MEXICO CITY, October 17, 2019 /3BL Media/— Village Capital announced today that two financial health startups, Monetus and ArriendoAsegurado, were selected by their peers as “most investment-ready” at the conclusion of Finance Forward: Latin America 2019, an accelerator to support financial health startups in Latin America.

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