First in a two-part guest blog series from Sophie Eckrich, a former Whole Planet Foundation intern and founder of Teysha.
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.
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?
Thanks to our microfinance partners around the globe who are working diligently daily to serve the world's poorest people, the average first microloan size we fund decreased over several fiscal quarters from $187 to $184 then $182 to now $180. What does this signify? That our partners continue to serve the unserved and that Whole Planet Foundation funds have created 15 million opportunities for low-income entrepreneurs to lift themselves and their family members out of poverty.
Microfinance loans and value chain services support smallholder farmers, women and entrepreneurship in Georgia
TBILISI, Georgia, May 29, 2018 /3BL Media/ – Crystal, a leading Georgian microfinance lender, has joined Business Call to Action (BCtA) with a pledge to provide access to finance – including loans and value chain services – to 30,000 new clients in rural areas of Georgia, as well as disperse 1,000 new loans for green/solar solutions and energy efficiency projects by 2020. As part of this commitment, Crystal will continue its record of fostering economic opportunity for farmers, women and micro entrepreneurs.
Small Change founder Eve Picker wants everyone to be able to invest in urban renewal — and reap the rewards.
Throughout 2018, we will be celebrating today’s new class of reinventors, inspiring people who defy convention while redefining their impact on our world. From city planners to philanthropic entrepreneurs, artists and more, we are spotlighting interesting people doing amazing acts of reinvention.
Annual Prosperity Campaign raises $3 million for microcredit
Whole Foods Market shoppers, employees and supplier partners raised $3,093,993 during the Whole Planet Foundation 2018 Prosperity Campaign in March. One hundred percent of these funds will be disbursed to microfinance partners around the globe to alleviate poverty for the world's poorest people - mostly women - through microcredit loans. Given the average first loan size of $182 across 71 countries where the grocer trades, these funds will support 93,800 people - microentrepreneurs and their family members - with the opportunity for a better life.
$50,000 Donor Makes a Difference through Energy Drinks
Multimedia with summary
Whole Planet Foundation’s global impact has reached the world’s poorest people – mostly women – in the United States and 70 other countries thanks to supplier donors like Hiball Energy who have collectively contributed more than $10 million for poverty alleviation.
$50,000 Donor Makes a Difference through Personal Care Products
Whole Planet Foundation is proud to welcome Weleda, a new $50,000 donor to our cause of global poverty alleviation. Weleda's generosity this year will fund approximately 275 microloans and 1,500 opportunities for microentrepreneurs and their family members to live a better life through microcredit.
$100,000 Fund Member Surpasses Half a Million Dollars in Donations
Multimedia with summary
Whole Planet Foundation is proud to share that Papyrus-Recycled Greetings, the founding member of the $100,000 Fund, has donated a total of $500,000 to fund 5,800 microloans and create 29,000 opportunities for microentrepreneurs and their family members to pull themselves out of poverty.