Below you'll find a list of all posts that have been tagged as “microcredit”
There are some deep biases embedded in philanthropy and aid. These biases favor channeling resources to international and expat-led companies over local organizations. Some startling numbers which illustrate this trend include: “Less than 2% of all humanitarian funding goes directly to local NGOs, despite them taking the lion’s share of …
After five consecutive years of declines in the national poverty rate, the United States is expected to experience a spike of approximately 6.5% (from 12.4% to 18.9%) in 2020. This means an increase of over 21 million individuals living in poverty, resulting in the highest poverty level in the United …
Prompted by interest from our network of microfinance partners, WPF organized two webinars to bring together our Latin American and Caribbean network of microfinance partners. The first call, in June 2020, gathered ten microfinance institutions to discuss how each was managing the COVID-19 crisis; if and how they were disbursing …
Unlike at traditional banks, portfolio managers for microfinance institutions need to travel daily to villages and often the homes of their clients as a key part of building a bond with the entrepreneurs they want to ensure succeed with the loans they take from WPF’s partners. This means long days …
In Ukraine, Whole Planet Foundation is helping local Credit Union Anisia to better serve very small rural enterprises with financing that adapts the successful group loan methodology used internationally, but rarely in Central and Eastern Europe. Anisia launched this new outreach strategy to Ukrainian entrepreneurs by partnering with an innovative …
During this year’s Financial Inclusion Week, Accion’s Center for Financial Inclusion asks, “Financial Inclusion for What?” In other words, what are the main goals that financial inclusion is striving to achieve? Whole Planet Foundation (WPF) has been a unique capital provider in the financial inclusion space for almost 15 years. …
Whole Planet Foundation’s funds are provided to our partner microfinance institutions (MFIs) to be distributed to borrowers as microloans or in-kind productive assets (like cows, sewing machines, or solar lamps). For most of our partners, the loan is given in a “credit-plus” context. This means that the MFI would provide …
“Microfinance has always been a high-touch business, with personal contact playing an indispensable role in the delivery of financial services for low-income clients. Human relationships and values like trust and empathy are crucial in determining whether a microfinance institution (MFI) will be able to grow and remain sustainable. And it …
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 …
Partners Commit $1.05 Million for Microcredit AUSTIN, Texas (February 21, 2019) – On Thursday, March 1, Whole Planet Foundation launches its Annual Prosperity Campaign to alleviate poverty around the globe for the world’s poorest people – mostly women – living in communities where Whole Foods Market sources products. This year’s …
