In recent years, there’s been a lot of buzz, and skepticism, about Sweden’s efforts to move to a cashless economy. Other countries are following suit. In the place of physical cash, these economies are increasingly using credit, debit, and mobile payments for financial transactions. One central criticism of cashless economies is that the reliance on technology will exclude vulnerable populations – those who are most likely to be unbanked or have low digital literacy or technology access.
Each month, we will take you behind the scenes to introduce you to the teams that are dedicated to empowering the world’s poorest people to become entrepreneurs. You will meet Field Officers, volunteers, and Whole Planet Foundation staff. Through their stories you will get a glimpse into a day on the job—whether it is in Austin, Texas or Huehuetenango, Guatemala.
WPF’s Field Officer Appreciation Award is an initiative to support our partners to recognize the hard work done by field staff on the front lines of microfinance. During quarter one, WPF disbursed prizes to the field officers who were nominated by our microfinance partners at the end of 2018. Here are some highlights from this group of nominees from the Asia/Pacific region and some lovely award ceremonies that our partners have shared. Even with personalized recognition, all the staff chose to share their prize with their colleagues and/or the clients they serve!
At PayPal, we are focused on creating inclusive economic opportunities for as many people and as many businesses as possible. We strive to create a world where everyone has access to the tools, resources, and opportunities they need to improve their financial health and participate in the global economy. To fulfill our mission, we work to maximize the positive impact of our business and to be a responsible, transparent, and sustainable corporate citizen on behalf of all of our stakeholders. And, we take these commitments seriously.
With the tremendous support of Whole Foods Market shoppers, team members and volunteers, donors, and corporate partners, the Whole Planet Foundation Annual Prosperity Campaign raised $4,249,706 during the month of March. These efforts will support more than 128,000 people with the chance to lift themselves out of poverty through microcredit. Each year, Whole Foods Market shoppers can round up their bill or make a donation of their choice to fund microloans for people living in poverty in countries around the world where Whole Foods Market sources products. Since 2006, shoppers have contributed $45 million, close to half of the Foundation’s revenue since inception.
Whole Flanet Foundation focuses on microloans, which the organization has designed to ensure ease of access; the way in which this program works is critical because acquiring seed money is a formidable task for anyone in poverty. Such an obstacle is especially overwhelming for women, who are routinely denied opportunities in education and commerce.
Whole Planet Foundation focuses on microloans, which the organization has designed for ease of access; the way in which this program works is critical because acquiring seed money is a formidable task for anyone in poverty. TriplePundit’s Tina Casey recently showcased how Whole Planet Foundation is partnering with several food companies to make a global impact for the better.
KeVita, a PepsiCo. brand, has joined the Supplier Alliance for Microcredit, pledging $50,000 in 2019 to alleviate global poverty through Whole Planet Foundation.
The brand has been a proud supporter of Whole Planet Foundation since 2012, donating more than $460,000 to alleviate global poverty through microcredit and renewing their membership in the $100,000 Fund in 2019.
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