Spotlight on WPF’s Bold, New Partnerships According to Women’s World Banking, “Women in Bangladesh have the highest-ever rates of literacy and employment, and the country’s economy is growing. Financial inclusion now stands at more than 50 percent, nearly doubling in the past few years. But the financial inclusion gender gap …
Babban Gona Partnership Funds Farmers in Rural Nigeria
In Nigeria, where Whole Foods Market sources ginger, Whole Planet Foundation offers scale capital to the agriculture social enterprise Babban Gona. Babban Gona is working to make rural farming profitable for smallholder farmers in northern Nigeria. Their founder, Kola Masha, started the business to engage young Nigerians that have increasingly …
Ultra-Poor Graduation Partnership to Reach 4000 in Burundi
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 …
Aflore and WPF Help Small Businesses Blossom in Colombia
Whole Planet Foundation was created to support communities worldwide where Whole Foods Market sources products. Flowers for Whole Foods Market stores across the US, Canada, and the UK, along with many other products, are sourced in large quantities from Colombia — so while it’s perhaps a bit of a happy …
Water and Sanitation Finance from KOMIDA in Indonesia
According to The World Bank, approximately 20% of the world’s population does not have a toilet in their home. Cost can be one challenge for a household. According to CGAP, “In Indonesia, for example, connection to piped water systems averages $150, while a flush toilet can cost around $250. For comparison, …
Introducing Bidhaa Sasa, WPF’s Newest Partner in Kenya
We’re excited to introduce Bidhaa Sasa, Whole Planet Foundation’s newest partner in Kenya. Bidhaa Sasa sells, delivers, and finances beneficial products to low income populations in rural areas. Our team likes their client-centric approach to affordable credit, responsive customer service, and attention to internal systems. Bidhaa Sasa means “Products now!” …
Giving Thanks with the Field Officer Award: Africa and the Middle East
During this holiday season, our team is thankful to our network of microfinance institutions, 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 …
Cash Shortages Create Problems in Zimbabwe
A few months ago, I visited WPF partner Thrive Zimbabwe with Daniel Zoltani, Whole Planet Foundation’s Global Director of Programs. We met many micro-entrepreneurs who had taken loans from Thrive for their small businesses. Some grew mushrooms to sell in the market and to stores. Others traveled to South Africa …
Farming + Finance for a Path out of Poverty
At Whole Planet Foundation, we hold that microfinance is not a “silver bullet,” but an important component in a series of factors which can permanently lift people, families, and communities out of poverty. Additionally, because people near the base of the economic pyramid often rely on subsistence farming or basic …
Microfinance vs. Informal Finance: A Fair Comparison?
If microfinance is so effective, then why hasn’t the industry put informal moneylenders out of business? This is the question that a recent paper, Microfinance for poverty alleviation: Do transnational initiatives overlook fundamental questions of competition and intermediation? in Transnational Corporations and accompanying blog set out to find the answer …