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.
Ugandan fintech social enterprise Innovate More is empowering savings and credit cooperatives with digital information management systems to provide financial services tailored to the needs of unbanked communities.
KAMPALA, Uganda, March 12, 2019 /3BL Media/ – Fintech social enterprise Innovate More Uganda has joined Business Call to Action (BCtA) with a commitment to provide access to digital financial management services to 168,000 low income Ugandans, along with complementary digital finance and mobile banking training, by 2023.
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.”
Weleda is a second-year member of Whole Planet Foundation’s annual $50,000 Fund, alleviating 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.
This year, Whole Planet Foundation’s Annual Prosperity Campaign aims to raise $4 million dollars to fund people living in poverty where Whole Foods Market sources products. Amplifying this year’s Prosperity Campaign, suppliers to Whole Foods Market in our top giving levels are donating $1.05 million to fund 31,550 opportunities for low-income entrepreneurs around the world to change their own lives.
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.
With partners Accion and IFC, competition aims to help inclusive fintech companies attract capital and resources to benefit three billion financially underserved people globally.
WASHINGTON, February 11, 2019 /3BL Media/ - MetLife Foundation and Visa Inc., with global nonprofit Accion and IFC, a member of the World Bank Group, announced a new initiative to recognize the top 50 early-stage fintechs contributing to financial inclusion around the globe. The “Inclusive Fintech 50” will culminate in a list of the most impactful, emerging fintechs that demonstrate the power of financial technology to expand access, usage and quality of financial services in advanced and emerging markets.
Employers, Retailers and Financial Service Providers to ‘Make Wealth Common’
BOSTON & NEW YORK, February 5, 2019 /3BL Media/ - Decades of research points to the material, psychological and social value of wealth. Yet, building financial security is a persistent challenge for lower-income Americans who continue to become less wealthy, not more. In fact, more than 40 percent of people in the United States cannot cover an unexpected $400 emergency expense, according to the Federal Reserve.