Stacy's Renews Commitment to the Whole Planet Foundation Supplier Alliance for Microcredit
For two weeks beginning June 23, supplier partners are supporting the Whole Planet Foundation Prosperity Campaign in select Whole Foods Market stores and online to alleviate poverty in countries that supply the company’s stores with products.
Since 2006, Whole Planet Foundation has disbursed $92 million through microfinance partners in 78 countries in Africa, Asia and the Americas, including in 20 U.S. cities. Whole Planet Foundation collaborates with a wide network of microfinance organizations and supports entrepreneurs in some of the most marginalized and remote communities around the world, funding 4.9 million microloans and 26 million opportunities for a better life for microentrepreneurs and their family members.
“With a microcredit loan, an impoverished woman can generate income and lift up herself and her family. Each year, the generosity and support of Team Members, shoppers, suppliers and corporate partners provides life-changing opportunities for microentrepreneurs to generate income and lift themselves and their families out of poverty,” said Joy Stoddard, Whole Planet Foundation development and outreach director. Because Whole Foods Market covers the foundation’s operational costs, 100% of every donation benefits microcredit clients.
Stacy’s has committed $50,000 to Whole Planet Foundation this year. To date, Pepsi Co brands have donated $2,094,823 to fund 29,930 microloans and create 166,720 opportunities for a better life.
Stacy’s is also kicking off it’s 3rd year of the Rise Project. Created to help bridge the funding gap for female-founded business, this year’s program will grant 10 deserving female entrepreneurs with grant money, mentorship, and community resources to help grow their businesses. To date, Stacy’s has invested more than $300,000 to help women rise.