As part of Whole Planet Foundation’s annual due diligence visits to our microfinance partners around the globe, we observe the presence or absence of “responsible finance indicators” which shed light on how our partners are serving the world’s poorest people. Many of our microfinance partners use or develop strategies to inform their work, ensuring they are reaching their target populations with the services they need most.
First in a two-part guest blog series from Sophie Eckrich, a former Whole Planet Foundation intern and founder of Teysha.
Ten years ago, I embarked for a life-changing journey as an intern for Whole Planet Foundation with their microfinance partner, Grameen Bank, in Panajachel, Guatemala. I was 19 years old, a rising Sophomore at the University of Texas at Austin, and I had no idea what to expect.
by Zoe So, Whole Planet Foundation Eastern/Southern Africa Regional Director
One of the core assumptions of microfinance is that the ability to reach a large number of borrowers helps bring efficiencies, sustainability, and impact. Many microfinance organizations often talk about their success in terms of scale and big picture numbers: how many borrowers do they reach? How big has the loan portfolio grown?
Thanks to our microfinance partners around the globe who are working diligently daily to serve the world's poorest people, the average first microloan size we fund decreased over several fiscal quarters from $187 to $184 then $182 to now $180. What does this signify? That our partners continue to serve the unserved and that Whole Planet Foundation funds have created 15 million opportunities for low-income entrepreneurs to lift themselves and their family members out of poverty.
Theresa is a long-term donor to Whole Planet Foundation and the founder of Ten By Three™ which reduces poverty in developing countries by using its unique Prosperity Wages® model to pay for artisan products. Ten By Three™ is also a community partner of the Whole Foods Market Team Member Volunteer Program in Ghana in west Africa.
Q: What inspired you to start your business and support women, artisans and entrepreneurs?
Meet the Co-founder of Party at the Moontower Event Rentals
Christie is a new partner of Whole Planet Foundation whose design-forward and fun furniture provides inspiration and is a unique way of “lending”. Through her leadership, Party at the Moontower loaned and styled Whole Planet Foundation lounge furniture for our 2017 Annual Benefit & Live Auction.
$50,000 Donor Makes a Difference through Energy Drinks
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Whole Planet Foundation’s global impact has reached the world’s poorest people – mostly women – in the United States and 70 other countries thanks to supplier donors like Hiball Energy who have collectively contributed more than $10 million for poverty alleviation.
$50,000 Donor Makes a Difference through Personal Care Products
Whole Planet Foundation is proud to welcome Weleda, a new $50,000 donor to our cause of global poverty alleviation. Weleda's generosity this year will fund approximately 275 microloans and 1,500 opportunities for microentrepreneurs and their family members to live a better life through microcredit.