April 17, 2019 /3BL Media/ — Historically, financial institutions in the United States have not served people of color effectively or fairly. Even today, people of color have less access to credit, pay higher interest rates for loans, and are less likely to receive venture capital funding as compared to their White counterparts. Serving these markets effectively is not only a moral imperative, but also an economic opportunity to enhance a company’s bottom line.
Shavon Marley (pictured above), owner and founder of Marley Transport & Trucking in Raleigh, North Carolina, is one of many women to benefit from this new impact investing fund. Women are becoming entrepreneurs at a rate far faster than men in the U.S. Yet less than 5 percent of small business lending—only $1 in $23—goes to women.
April 4, 2019 --Scotiabank’s 2018 Sustainable Business Report is now available online, and includes the Bank’s new strategy on Sustainable Business focusing on four core priorities where the Bank can help make the biggest impact: Trust, Climate Change, Economic Inclusion and Young People.
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.
The following is a joint press release from the United Nations Global Compact, Principles for Responsible Investment (PRI) and Global Compact Network Brazil
Press Release
The following is a joint press release from the United Nations Global Compact, Principles for Responsible Investment (PRI) and Global Compact Network Brazil
Since Traditional Medicinals started their support of Whole Planet Foundation in 2008, they have donated over $300,000 to empower women through microcredit and have pledged $50,000 as a Supplier Alliance for Microcredit member in 2019 to alleviate global poverty.
This year, Whole Planet Foundation aims to raise $4 million dollars during its Annual Prosperity Campaign to fund microloans for people living in poverty where Whole Foods Market sources products.
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.
