Whole Planet Foundation’s Online Auction to Alleviate Global Poverty
Every 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 countries around the world where the company sources products. The Poverty is Unnecessary Project spotlights Poverty is Unnecessary Fund supplier partners who commit to donating $25,000 each and culminates in the foundation’s signature event to alleviate poverty.
Each quarter Whole Planet Foundation compiles field metrics from our microfinance partners who are disbursing and collecting microcredit loans to low-income entrepreneurs living in countries where Whole Foods Market sources products. With a small loan – the current average first loan size is $174 – an impoverished entrepreneur has the opportunity to create or expand a business, often home-based, and generate income for herself and her family.
by Claire Kelly, Regional Director for West Africa/MENA & Interim Regional Director for Asia
Since 2012, Lorina had worked at her own tourism business, selling souvenirs to tourists, particularly those who would arrive on cruise ships to Port Vila. Lorina joined Whole Planet Foundation’s microfinance partner South Pacific Business Development (SPBD) Vanuatu in 2017. She had previously been involved with a different microfinance program, however she found that SPBD gave longer loan terms which made the loan easier for her to repay. She is now the Secretary for her SPBD group. This means that she has responsibilities to count the group’s cash and make sure all accounts are reconc
by Whole Planet Foundation's Sandy Mariscal and Olivia Hayden
Whole Planet Foundation is grateful to suppliers of Whole Foods Market alleviating poverty with us this holiday season! To date, supplier partners have donated over $14 million to create economic opportunity for those that lack access to financial services in communities where Whole Foods Market sources products. We are excited to highlight these additional brands donating a portion of sales in select Whole Foods Market stores to benefit microentrep
According to US SIF: The Forum for Sustainable and Responsible Investing, Socially Responsible Investing (“SRI”) has reached the $12 trillion asset mark. Unfortunately, the vast majority — 97 percent, to be precise — comprises investments in the traditional capital markets in which decisions are made using Environmental, Social, or Governance (“ESG”) criteria. While I applaud people adding ESG screens to their portfolio, it is imperative that we find ways to support direct, community-level investments.
Spotlight on Whole Planet Foundation's Bold, New Partnerships, by Claire Kelly
According to Women’s World Banking, “Women in Bangladesh have the highest-ever rates of literacy and employment, and the country’s economy is growing. Financial inclusion now stands at more than 50 percent, nearly doubling in the past few years. But the financial inclusion gender gap is growing rapidly too, with fewer than half of women accessing or using formal financial services.”
While difficult at the moment, the many conversations with my friends about money inspired me to explore a different path. Conversation after conversation, I started to chip away at what felt wrong about money, and we would talk about their “wish list” when it comes to finance. What came up again and again was the desire to feel smart about money decisions – “whatever I do should be easy to understand, available to all, convenient to do, and make me feel good and empowered.”