Whole Foods’ Micro-Loans Help 1.3 Million People

Whole Foods’ Micro-Loans Help 1.3 Million People

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Albania microloan recipients-USAIDMission statements seldom come simpler than the one guiding the Whole Planet Foundation, which aims to alleviate poverty through microcredit — small loans extended to poor people — in communities  that supply Whole Foods stores with products.

Since 2005, the Foundation has witnessed a payback rate of 97 percent on the staggering $32 million committed to nearly a quarter million microcredit clients in 54 countries globally.

Indeed, entire families and communities are buoyed each time an enterprising villager is able to bring goods or services to market; an estimated 1,342,275 souls, 90% of whom are women, have received loans.

(READ the story by Kim Hughes in SamaritanMag.com)

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