Chobani Renews Commitment to Whole Planet Foundation Supplier Alliance for Microcredit
For two weeks beginning June 23, supplier partners are supporting the Whole Planet Foundation Prosperity Campaign in select Whole Foods Market stores to alleviate poverty in countries that supply the company’s stores with products.
Since 2006, Whole Planet Foundation has disbursed $92 million through microfinance partners in 78 countries in Africa, Asia and the Americas, including in 20 U.S. cities. Whole Planet Foundation collaborates with a wide network of microfinance organizations and supports entrepreneurs in some of the most marginalized and remote communities around the world, funding 4.9 million microloans and 26 million opportunities for a better life for microentrepreneurs and their family members.
“With a microcredit loan, an impoverished woman can generate income and lift up herself and her family. Each year, the generosity and support of Team Members, shoppers, suppliers and corporate partners provides life-changing opportunities for microentrepreneurs to generate income and lift themselves and their families out of poverty,” said Joy Stoddard, Whole Planet Foundation development and outreach director. Because Whole Foods Market covers the foundation’s operational costs, 100% of every donation benefits microcredit clients.
Chobani has committed $50,000 to Whole Planet Foundation this year. To date, Chobani has donated $200,000 to fund 2,515 microloans and create 13,420 opportunities for a better life.
“Chobani uses food as a force for good, so the Whole Planet Foundation is a natural partnership,” said Cristina Alesci, Chobani’s Chief Corporate Affairs Officer. “We’re proud to help elevate the lives of entrepreneurs around the world.”