Economic Growth CSR News

Infographic | Whole Planet Foundation and Partners Alleviating Global Poverty Through Microcredit

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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.

Providing Financial Solutions for Uganda’s Unbanked Communities

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.
Press Release

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.  

Supplier Alliance for Microcredit Partners are Funding Her Future

Blog

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 #FundingHer Future Through Whole Planet Foundation

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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. 

Wells Fargo Invests $18.5 Million in Grants to Ease Small BusinessStress and Expand Access to Capital

Latest Diverse Community Capital funding helps diverse small businesses start and grow across U.S., including Puerto Rico
Press Release

SAN FRANCISCO, February 28, 2019 /3BL Media/ Wells Fargo announced $18.5 million in grants today to nine Community Development Financial Institutions (CDFIs) so they can unlock capital or increase training to diverse small businesses across the U.S. Two CDFIs are receiving awards to continue their work supporting entrepreneurs in Puerto Rico, which is still recovering from the aftermath of Hurricane Maria.

Fund Her Future: Erliana's Story

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Erliana borrows from Whole Planet Foundation’s long-term microfinance partner KOMIDA in Indonesia. She uses her loan capital to buy fish and then her husband uses salt to dry them so she can sell them along the roadside. Erliana has been a KOMIDA microcredit client for two years. She started with a loan of 2 million IDR (≈$137 USD) and currently borrows 5 million IDR (≈$342 USD).

People Power Microcredit: Whole Planet Foundation’s Victor Quiroz

Blog

You’ve heard the expression: “It takes a village to raise a child.” Well, the same is true for fostering the success of women entrepreneurs around the world! This year, we are kicking off a new series called People Power Microcredit. We will take you behind the scenes to introduce you to the teams that are dedicated to empowering the world’s poorest people to become entrepreneurs. You will meet Field Officers, volunteers, and Whole Planet Foundation staff. Through their stories you will get a glimpse into a day on the job—whether it is in Austin, Texas or Huehuetenango, Guatemala.

Making Payment Acceptance a Driver for Financial Inclusion

How new product solutions, business models, and partnerships can advance electronic payments and financial inclusion
Newsletter

By Dan Salazar, Vice President, Product Development and Innovation, Acceptance and Solutions, Mastercard

Multi-Year Effort Launches to Help Millions of Financially Vulnerable People Build Savings & Economic Opportunity

Employers, Retailers and Financial Service Providers to ‘Make Wealth Common’
Press Release

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.

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