In June, the W.K. Kellogg Foundation announced a new loan fund for small businesses in Battle Creek. The target was $10 million, with the foundation committed to matching each $1 given to the fund with $2.
The fund moved another step closer to that final goal with a $75,000 contribution from Consumers Energy, presented in a ceremony on Wednesday.
Jennifer Weston-Murphy, Associate Manager, Corporate Leadership
The Fortune 2018 Change the World list features 57 companies that are doing well by doing good. These businesses are trying to fix big problems and make money while doing it. That’s right, it’s not a list about charity (though many of these companies also have charitable efforts). It’s about how business—one of the most scalable and sustainable engines we know of—is using its resources and expertise to tackle the biggest challenges.
Global network of standard-setting organizations to accelerate widespread adoption of impact measurement and management
October 10, 2018 /3BL Media/ - A group of leading global organizations, including the Global Reporting Initiative (GRI), have joined forces to create the Impact Management Project. This network is an unprecedented effort to develop methods to measure the environmental and social impacts of investment decisions. The goal is to align investment with sustainable business practices in order to achieve the Sustainable Development Goals (SDGs).
If mobile money was the first phase in the development of digital finance in Africa, the next phase of digital financial services on the continent will focus on lending, insurance and wealth management.
In “Beyond Payments: The Next Generation of Fintech Startups in Sub-Saharan Africa,” the venture capital firm Village Capital, and their reporting partner, PayPal, tip their hat to M-Pesa and mobile money in Africa, but say that there’s a wave of innovation still to come.
A social enterprise is financing and training young people in Africa to grow their own business from the ground up and make clean drinking water available to their local communities.
Jibu, a business that supports the self-empowerment of low income communities, joins Business Call to Action (BCtA) with a commitment to equip, train and finance 1,000 African entrepreneurs to launch drinking water franchises that will produce two and a half million litres of affordable, safe water every day and serve three million consumers by 2022.
$1 Million grant will help boost banking access efforts for unbanked and underbanked
NEW YORK, October 4, 2018 /3BL Media/ — More than 65 million people are outside of the mainstream financial system in the U.S, which means they are relying on high-fee alternatives and are not able to access basic financial needs like savings accounts, credit cards, or even a credit score.
Partners commit $200,000 to alleviate global poverty through microcredit
This October, Whole Planet Foundation celebrates its global impact on poverty and the partners who further its mission. In 2005, Whole Foods Market® launched Whole Planet Foundation, its non-profit dedicated to global poverty alleviation in communities around the world where the company sources products. The Poverty Is Unnecessary Project spotlights Poverty Is Unnecessary Fund partners, who collectively are committed to donating $200,000 to alleviate poverty through microloans, and culminates in the foundation’s signature event of the year on October 25, known as Poverty is Unnecessary Da
Convenes Workshop Series focused on Sustainable Finance, hosted by ING in Amsterdam, John Hancock in Boston, and McMaster University in Toronto
With increasing recognition of the imperative for companies and investors to transform their business models in order to generate sustainable returns while achieving the Paris Agreement and Sustainable Development Goals, there’s greater need for a “transformation blueprint.” Responding to this need, Reporting 3.0 is rolling out the Transformation Journey Program (TJP), based on our Transformation Journey Blueprint, in Workshop Series in Euro
by JP Kloninger, Regional Director for the Americas
At Whole Planet Foundation, we hold that microfinance is not a “silver bullet,” but an important component in a series of factors which can permanently lift people, families, and communities out of poverty. Additionally, because people near the base of the economic pyramid often rely on subsistence farming or basic food trade for their livelihood, significant resources have gone into supporting smallholder agriculture in the developing world.
In today’s highly competitive and polarized environment, any movement or cause needs energetic and effective leaders. This is especially true in the social sector, which is chronically understaffed and undercapitalized. Therefore, truly successful and sustainable leaders need to combine the skills and attributes of both leadership and management. They require a vision as well as the ability to execute it.