TriplePundit Flash: Yes, Smaller Brands Can Help End Global Poverty
In the global fight against poverty, a quiet revolution in corporate giving has been bubbling under the surface. Smaller brands are finding that a relatively modest amount of money can make help transform the lives of women and their families. One important strategy is to focus microloans on women, who are both more likely to be impoverished; the result is that creative means of financing can make a significant difference in women’s families and their communities.
Since 2012, The Republic of Tea has donated $148,737 to Whole Planet Foundation to fund 2,093 microloans around the globe. This year, they launched their own program to amplify this work. Working with the international nonprofit, the Ethical Tea Partnership, and a local nonprofit, the PALM Foundation, The Republic of Tea has crafted a program in Sri Lanka focused on nutrition, hygiene, and financial literacy, with the goal of elevating thousands of women and their families.
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.
Whole Planet Foundation funds microloans in cities in the United States through four microfinance partners who work with poor entrepreneurs to create or expand small businesses and generate income for themselves and their familes. We are alleviating poverty in Austin, Boston, Charlotte, Des Moines, Indianapolis, Los Angeles, Miami, New York City, Newark, New Orleans, Oakland, Omaha, Phoenix, Salt Lake City, San Diego, and San Jose. Watch this video to see an example in Austin, Texas where we have invested $1 million for microentrepreneurs.
CHOMA, Zambia, December 22, 2016 /3BL Media/ -- Zambia’s Southern Province bordering Zimbabwe, home to the storied and soaring Victoria Falls, is a rich cultural mosaic with access to natural resources such as copper and water.
As with other nations whose economics are based on extractive industries, a vast divide between the impoverished and the wealthy has been created, causing the educational infrastructure to suffer.
by Maria Bolis, senior advisor for Private Sector Department, Oxfam America
What if you were never asked, “What do you want to be when you grow up?” When I was younger, I wasn’t aware that people had different expectations of girls and boys. My parents wanted me to get good grades and have a career. They never asked, “When will you get married? How many children will you have?” Instead they asked, “What are you thinking about” And “What interests you?”
Every 5 seconds someone visits the Kiva.org website and makes a loan to an aspiring entrepreneur. To date, Kiva has facilitated $750 million worth of lending to 1.7 million people. In this video Kiva shares how a NetSuite software donation has supported their tremendous growth to 80 countries around the world.