Microeconomics CSR News

Scotia Global Asset Management Launches Suite of Scotia Low Carbon Funds, Announces Other ScotiaFunds Name Changes

Press Release

TORONTO, Nov. 23, 2020 /3BL Media/ - Scotia Global Asset Management today announced the launch of a suite of Scotia Low Carbon Funds, diversified portfolios of high-quality investments designed to provide a lower carbon intensity than the broader market: 

As Important as Ever: Microloans for Women-Owned Small Businesses in the United States

by J.P. Kloninger, Whole Planet Foundation North America Program Manager
Summary: 

Whole Planet Foundation has contributed $5.6 million to our primary microfinance partner in the United States, Grameen America, to alleviate poverty by funding microcredit loans for low-income entrepreneurs. 

After five consecutive years of declines in the national poverty rate, the United States is expected to experience a spike of approximately 6.5% (from 12.4% to 18.9%) in 2020.  This means an increase of over 21 million individuals living in poverty, resulting in the highest poverty level in the United States since 1967. Low rates of financial inclusion make the climb out of poverty extremely difficult.

Blog

Whole Planet Foundation has contributed $5.6 million to our primary microfinance partner in the United States, Grameen America, to alleviate poverty by funding microcredit loans for low-income entrepreneurs. 

After five consecutive years of declines in the national poverty rate, the United States is expected to experience a spike of approximately 6.5% (from 12.4% to 18.9%) in 2020.  This means an increase of over 21 million individuals living in poverty, resulting in the highest poverty level in the United States since 1967. Low rates of financial inclusion make the climb out of poverty extremely difficult.

Pandemic Presents Both a Challenge and Opportunity for Start-Ups: Tangerine CEO

Blog

The accelerated digital transformation brought on by the pandemic means that startups must in turn quickly pivot their business models to the new normal, but these challenges also open up opportunities for entrepreneurs to respond.

That’s a key message heard during a recent Canadian Club Toronto virtual panel focused on advice and best practices for Canadian startups and how to set women entrepreneurs up for success.

Whole Planet Foundation Launches Annual Poverty Is Unnecessary Project

Online Auction to alleviate global poverty through microcredit
Blog

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 through microcredit in communities around the world where the company sources products.  The Poverty is Unnecessary Project spotlights Poverty is Unnecessary Fund supplier partners who collectively are committed to donating $250,000 and culminates in the foundation’s signature Annual Benefit and Auction via an online format. 

Climate Week: Our Commitment to Combatting the Climate Crisis

By Sri Shivananda
Article

The consequences of global climate change are not a distant problem. They are real and plainly visible today. Raging wildfires are once again devastating forests across the Western United States, with smoke spreading east across the continent, causing unhealthy or hazardous air quality for millions. Just last month, monsoons wreaked havoc in India as a year’s worth of rain fell in just one month. History shows that it is the world’s poorest and most disadvantaged communities that bear the brunt of the financial blow that often accompanies climate events.

Last-Mile Investment in Malawi: A Whole Planet Foundation Interview with GGEM Farming's Ko Chijota

by Zoe So, Regional Director for Eastern & Southern Africa
Blog

The Whole Planet Foundation team is excited to introduce our new partnership with GGEM Farming, a young social enterprise operating out of Nkhotakota, on the shores of Lake Malawi. GGEM Farming is the first partner we are engaging under a new initiative to make our funding more accessible to early stage, locally-led companies. Such companies often have programs that are informed by deep knowledge of the local context, and the staff are rooted in the communities where they work.

How You Can Make an Impact with a $10 Donation to Whole Planet Foundation

Multimedia with summary

Whole Planet Foundation is a Whole Foods Market non-profit dedicated to alleviating poverty through microcredit around the globe in countries that supply stores with products.  Currently, that's 25 communities in 19 cities in the Unitest States and 76 other countries. Microcredit is small loans - the current average first loan size is $174 - with no formal contract or collateral, provided to low-income entrepreneurs to create or expand a small business, mostly home-based, for the opportunity to generate income and lift themselves and their families out of poverty. 

Why Does Such A Thing Exist? Solidarity Microfinance for Women in the United States

by J.P. Kloninger, Whole Planet Foundation North America Program Manager
Blog

The Merriam-Webster dictionary defines poverty as “the state of one who lacks a usual or socially acceptable amount of money or material possessions.” However, what is “usual” or “socially acceptable” can vary quite a bit from one person, family, or community to the next, and certainly from one country to the next.  We are thus compelled to use some sort of criteria or thresholds, formally or informally, to help us define poverty as it exists in different contexts.

Empowering Entrepreneurs: Interview with Rob Howard of Brooksource

Blog

Brooksource is a proud event sponsor of the Whole Planet Foundation Virtual 5K that raised $63,000 to alleviate poverty around the globe.  On June 27, 2020, fifteen hundred participants joined Whole Planet Foundation’s Power Your Purpose Virtual 5K to run, walk, bike or move for microcredit.  Registration fees, donations and sponsorships from this online event will fund more than 360 microcredit loans through Whole Planet Foundation, creating 1,900 opportu

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