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 …
Access to Finance in Senegal
Noel (far right) borrows about $800 to stock her market stand in Senegal’s central Kaolack market- her current loan being her sixth one with the MFI CAURIE (Facebook) in Senegal. When asked where she had gotten her stock, (you can see her shelves are packed with items for sale) she …
The Importance of Savings in Burkina Faso
View a French translation of this blog post. Madeleine, the President of one of Yikri Burkina Faso’s microfinance groups, has successfully taken business loans to support livestock rearing activities. However, when explaining the difference the Yikri program had made in her life, she first recounted not the impact of credit on …
Funding the Graduation Model in Haiti and Uganda
Whole Planet Foundation is committed to investing in entrepreneurs and entrepreneurial solutions to alleviating poverty, now and for future generations. Since the beginning, we’ve remained focused on supporting microfinance organizations that target the most marginalized, excluded, or poorest entrepreneurs. But in some cases, households trapped in extreme poverty aren’t able …
Field Officer Award, Asia and the Pacific
March 8 is International Women’s Day and we’d like to spotlight some of our microfinance partners’ incredible field officers for the contributions they make to their institutions and the microcredit clients (borrowers) they serve. This year we have 14 award winners for the Asia/Pacific Region, half of which are women. …
WPF Funds New Partner in Egypt: Global Fund for Widows
Whole Planet Foundation’s Board of Directors has approved a grant to support the growth of an innovative business loan program in Egypt supporting widows and other female heads of households (FHHs) in rural communities of Upper Egypt. The program is designed to economically empower widows and FHHs by increasing their …
Assessing Poverty with a Stoplight
This guest blog comes from Roxana Newton, Whole Planet Foundation’s Regional Director for Latin America and North America. Whole Planet supports microfinance institutions (MFIs) serving vulnerable communities and promoting financial inclusion throughout these communities throughout the world. You may be wondering: how do WPF partners identify their target client and communities? How do …