Habitat has created a $100 million “MicroBuild Fund” to finance longer-term loans to people without access to traditional credit sources so they can afford to upgrade their housing.
Joy Stoddard is the Development and Outreach Director for Whole Planet Foundation, the nonprofit arm of Whole Foods Market. We were lucky enough to have a conversation with Joy about her motivation to give back, stemming from her earliest job as a candy striper to her career with Whole Foods. Joy has traveled the world working with microentrepreneurs and shared her unique perspective of having sought out opportunities to make an impact through for-profit businesses and nonprofit organizations alike.
The 10K is hosted by Whole Planet Foundation, a nonprofit established by Whole Foods Market. The foundation pledges to give 100 percent of registration fees to “fund microcredit loans to lift entrepreneurs and their families out of poverty in 69 countries.” Many of the entrepreneurs are women in developing countries. Here’s a great infographic that highlights the work of the foundation.
Whole Planet Foundation welcomes nuun hydration as a new member of the $10,000 Fund and as a sponsor of this year’s Virtual 10K Run, which aims to raise funds for microlending projects in 69 countries. “Our mission at nuun is simple in that ‘we inspire everyone to move more,’” says Kevin Rutherford, CEO (Chief Eternal Optimist) at nuun hydration. “The team at nuun is thrilled to partner with the positive change agents at Whole Planet Foundation, getting more people moving in the Virtual 10K Run, while giving back to help lift entrepreneurs out of poverty.” Visit Whole Planet Foundation’s blog for hydration tips from nuun and a chance to receive a limited edition nuun x WPF water bottle with your Virtual 10K registration and t-shirt purchase.
Whole Planet Foundation is warming up for its second annual Virtual 10k Run that takes place next month during August 3-7! Nearly 100 participants have registered and because the run occurs simultaneously where you are and in the digital sphere, spaces are endless! Please register today. We are inspired by top sponsors including The Seaweed Bath Co. who even invited their employees to run with us!
Selected from 100 finalists to become one of 10 winners, Habitat for Humanity recently received a Classy Award, which recognizes the most innovative solutions to the world’s toughest social issues. The winning program, Habitat’s MicroBuild Fund, was recognized for creating social, scalable and sustainable impact by partnering with microfinance institutions across the globe on housing finance solutions.
Microfinance provides opportunities for borrowers to start and reinvest in businesses; generate income; and carve their own pathways out of poverty. But the path isn’t always so smooth. Poor households are especially vulnerable to economic shocks, ranging from common situations like illness and death in the family, to exceptional crises like health epidemics, natural disasters, and political instability.
Through its Field Guide to a Regenerative Economy collaborative storytelling project, Capital Institute, the think-tank founded by former JPMorgan banker and Regenerative Capitalism architect John Fullerton, is launching Regenerating Tottenville, a project that reveals the science behind the revitalization of communities of Americans who self-identify as voiceless and forgotten.
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