Nine Outstanding Field Officers Recognized in 2020 Latin American Field Officer Awards

Stephanie Manciagli COVID-19, Field Officer Awards, Field Team Blogs, Latin America and the Caribbean, Microfinance Partners Leave a Comment

Whole Planet Foundation’s annual Field Officer Awards for the Latin American region were distributed in August 2020. This special honor is designed to go to a Field Officer who has gone above and beyond his/her role to provide financial services to low income entrepreneurs . Often, award nominations are submitted …

As Important as Ever: Microloans for Women-Owned Small Businesses in the United States

JP Kloninger COVID-19, Microfinance Partners, The United States Leave a Comment

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 …

woman in sierra leone selling soap

Microfinance Partner BRAC Responds to the COVID-19 Pandemic

Zoe So COVID-19, Field Team Blogs, Microfinance Partners Leave a Comment

The COVID-19 pandemic has affected every one of our microfinance partners in different ways. The experience of this twin economic and health crisis differs from person to person, family to family, community to community, country to country. The Whole Planet Foundation team has been checking in with microfinance partners throughout …

Support for Savings: How Microfinance Partners add Value to their Clients

Whole Planet Foundation Asia and the Pacific, Field Team Blogs, Latin America and the Caribbean, Sub-Saharan Africa 2 Comments

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 …

New Mobile Phone Services Empower Rural Businesses in Cote D’Ivoire

Brian Doe Field Team Blogs, Sub-Saharan Africa, Travel Leave a Comment

Last month I went Cote D’Ivoire to visit WPF long-time microfinance partner PAMF, who administers group microloans to rural entrepreneurs and farmers. This visit allowed me to observe the initial roll-out of a new mobile phone-based platform that WPF provided grant funding to help build. The platform will allow anyone …

People Power Microcredit: Behind the Scenes in Latin America

Whole Planet Foundation Field Officer Awards, Latin America and the Caribbean, Microfinance Partners 2 Comments

This year, we are bringing you People Power Microcredit, a newsletter series that goes behind the scenes to show you the incredible people driving our mission forward. You’ll meet volunteers, Field Credit Officers, Whole Planet Foundation Team Members, and others dedicated to eradicating poverty and empowering entrepreneurs. This month, meet …

Front Line Financial Inclusion: Field Officer Appreciation Award – Asia/Pacific

Claire Kelly Asia and the Pacific, Field Officer Awards, Field Team Blogs, Microfinance Partners Leave a Comment

“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 …

Babban Gona Partnership Funds Farmers in Rural Nigeria

Brian Doe Field Team Blogs, Microcredit, Microfinance Partners, Sub-Saharan Africa Leave a Comment

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

Zoe So Field Team Blogs, Microcredit, Microfinance Partners, News, Sub-Saharan Africa Leave a Comment

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 …

staff at BRAC myanmar standing in front of the branch office

Microfinance vs. Informal Finance: A Fair Comparison?

Claire Kelly Asia and the Pacific, Field Team Blogs, Microcredit, Microfinance Partners Leave a Comment

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 …