Whole Planet Foundation is a Whole Foods Market non-profit dedicated to alleviating poverty through microcredit around the globe in countries that supply stores with products. Currently, that's 25 communities in 19 cities in the Unitest States and 76 other countries. Microcredit is small loans - the current average first loan size is $174 - with no formal contract or collateral, provided to low-income entrepreneurs to create or expand a small business, mostly home-based, for the opportunity to generate income and lift themselves and their families out of poverty.
Moving money to Black-owned or Black-led financial institutions is officially a Fortune 500 trend. Biogen, the Boston-based biotech company working on a treatment for Alzheimer’s disease, is depositing $10 million of its capital into OneUnited, a national Black-owned bank, the company said Thursday morning.
CINCINNATI, September 3, 2020 /3BL Media/ – Fifth Third Bank, National Association, today announced that it has joined the Historically Black Colleges and Universities Partnership Challenge, sponsored by the HBCU Caucus. The bipartisan initiative strengthens public-private investments in HBCUs to ensure their future sustainability, increase career prospects for their students, and advance diversity and inclusion within all sectors of employment.
Whole Planet Foundation has been supported by Tony Huston since 2014. Tony was instrumental in his former employer showing up one day to the Whole Foods Market headquarters office in Austin, Texas with a Big Check made out to Whole Planet Foundation for $100,000. He had heard about Whole Planet Foundation impact from Whole Foods Market team members and wanted to join them and other stakeholders in alleviating poverty in countries around the globe that supply stores with products.
Bridgett Jeffries has dedicated her life to caring for other people’s furry family members as if they were her own. The longtime animal shelter volunteer and proud parent to three dogs took a leap of faith in 2017 when she left her corporate job to open Café Wakefern, a dog daycare and boarding business, in Columbus, Ohio. She named her business after a café to evoke a “cozy, communal” coffee-shop feel, indicative of the safe and welcoming environment she creates for her canine customers.
In the Philippines, the use of 3G – enabled Android smartphones is empowering Nanay (Tagalog for “Mother”) entrepreneurs to become Mobile Money Agents. By offering this service through the Mobile Money Hubs program, Nanays in the Hapinoy sari-sari store program can generate additional income by providing quick and reliable remittance service in the convenience of their customer’s local neighborhood stores.
Community Development Banking program-related investment through the PNC Foundation aims to provide further economic relief to local minority-owned businesses and entrepreneurs
PITTSBURGH, August 28, 2020 /3BL Media/ – Underserved Pittsburgh neighborhoods and struggling small business owners will benefit from three programs significantly supported through a $10 million program-related investment announced today by PNC Community Development Banking and the PNC Foundation.
Investing in women entrepreneurs is vital part of our global economy
More women are turning to entrepreneurship, and according to Herbalife Nutrition’s second annual Global Entrepreneurship survey, 72 percent of women want to open their own business. Women entrepreneurs create a source of income for themselves and their families. They are a vital part of our world's economic engine that society needs to support with flexible opportunities, mentorship, and access to capital.