Latest Diverse Community Capital funding helps diverse small businesses start and grow across U.S., including Puerto Rico
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.
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).
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.
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.
Whole Planet Foundation was founded to reach people living in poverty around the globe where Whole Foods Market sources products. We are excited to announce our new partnership with Concern Worldwide in Burundi to support their Terintambwe program, which provides case management services to ultra-poor households so they have opportunities to become more self-sufficient and start small businesses.
Presentations follow CEO keynote panel discussion on “megatrends;” Companies address institutional investors representing more than $25 trillion in AUM
NEW YORK, January 28, 2019 /3BL Media/ —CECP’s Strategic Investor Initiative (SII) announced that the CEOs of AmerisourceBergen, APTIV PLC, Equinix, JetBlue Airways, and Nestlé S.A. will present their company’s long-term plans to institutional investors at the CEO Investor Forum on February 25, 2019 in New York City.
To kick off 2019, the Whole Planet Foundation team would like to thank our network of microfinance organizations, the implementing partners who administer the microloans Whole Planet Foundation funds. These partners employ staff members who serve microcredit clients, sometimes traveling miles by foot or motorbike to reach some of the least-served entrepreneurs around the globe. Every quarter, we honor these staff members, or Field Officers, by asking our partner institutions to nominate exemplary candidates for the Whole Planet Foundation Field Officer Award.