Whole Planet Foundation now with 1 million microloans funded worldwide

AUSTIN, Texas, 2015-5-28 — /EPR Retail News/ — Whole Planet Foundation has now funded 1 million microloans worldwide, empowering impoverished individuals in 65 countries to start or expand a home-based business.

Launched in 2005 by Whole Foods Market, Whole Planet Foundation alleviates poverty in communities where the grocer sources products. Less than a decade later, the foundation has granted more than $64 million to microfinance partners across four continents, serving a total of more than 5 million people.

“With no collateral, credit history or a contract required, microloans offer many people something they’ve never had before – a chance to take their future into their own hands and gain financial independence,” said Philip Sansone, president and executive director for Whole Planet Foundation. “That impact extends far beyond the individuals receiving loans. It improves the quality of life for their family and most important, it can break the cycle of poverty for future generations.”

Microloans have helped low-income entrepreneurs, mostly women, start or expand a variety of businesses, including artisan goods, prepared foods and food carts, small shareholder agriculture, livestock, at-home bakeries and flower stands. For more information about Whole Planet Foundation, or to make a donation, visit www.wholeplanetfoundation.org.

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19 companies donate money to Whole Planet Foundation for microloans in 61 countries

Foundation’s $100,000 Fund and Supplier Alliance for Microcredit partners donate to fund microloans in 61 countries

AUSTIN, Texas, 2015-2-4 — /EPR Retail News/ — With generous donations to Whole Planet Foundation, 19 companies are joining forces in 2015 to help more than 29,000 people worldwide lift themselves out of poverty through microcredit.

As members of Whole Planet Foundation’s $100,000 Fund and Supplier Alliance for Microcredit, each company has pledged $100,000 or $50,000, respectively, to support the foundation’s poverty alleviation programs across Africa, Asia, Latin America, and in the U.S.

“More than 40 percent of the world’s population lives on less than $2.50 a day, so every penny makes a real impact,” said Philip Sansone, president and executive director of Whole Planet Foundation. “For a woman living in poverty, a $200 microloan is her ticket to a fresh start–a viable opportunity to gain financial independence and provide for her family. We are so thankful to our partners for recognizing the incredible power of microcredit and supporting our cause.”

Whole Planet Foundation was established by Whole Foods Market as a way to give back to the global communities where the natural and organic grocer sources products. The foundation provides grants to microfinance partners worldwide, and the partners then disburse those funds in the form of small loans to individuals with the greatest need in the local community. With no collateral, credit history or contracts required, and an average repayment rate of 97 percent, the model is accessible and highly successful.

To date, Whole Planet Foundation has authorized $60 million in loans and has funded more than $¬¬38 million in microfinance programs in 61 countries, positively impacting more than 4 million people worldwide.

Whole Planet Foundation’s 2015 partners:
$100,000 Fund:
• Frontier Co-op
• Living on One
• Papyrus-Recycled Greetings, (the first company to become a $100,000 Fund partner in 2014)
• Whole Foods Market

Supplier Alliance for Microcredit ($50,000):
• Alaffia
• Allegro Coffee Company
• Amazing Grass
• BlueAvocado
• Garden of Life
• Hain Celestial
• IZZE
• Naked Coconut Water
• OneSource Magazine Distribution, LLC
• Rescue Remedy
• Rishi Tea
• Sambazon
• Seventh Generation
• TEAS’ TEA
• thinkThin
• Traditional Medicinals

For more information about Whole Planet Foundation and its $100,000 Fund and Supplier Alliance for Microcredit partners, visit wholeplanetfoundation.org.

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19 companies donate money to Whole Planet Foundation for microloans in 61 countries

19 companies donate money to Whole Planet Foundation for microloans in 61 countries