Daniel Vidal - No More Poverty
Wednesday, 22 May 2013 18:37

Supporting Women Around the World

Guest Contributor Daniel Vidal of Whole Planet Foundation outlines the importance of supporting impoverished women around the world and how No More Poverty is helping to do this through support of Whole Planet Foundation. 

It’s astounding to think that half the world’s population lives on the less than $2 a day. Of the persistent problems that plague the world, poverty should be one that doesn’t exist. While extreme poverty is a man-made problem, it’s also one that we can eliminate in our lifetime. 

Whole Planet Foundation is a Whole Foods Market founded nonprofit foundation whose mission is poverty alleviation through microcredit. In short, microcredit is small loans to the poor who don’t have access to many resources including traditional financial institutions.

Imagine for a moment you’re a textile maker in Guatemala. You purchase thread, produce your product and sell them in the local market, but you’re limited in your production because you can only purchase so many raw materials up front. With a small loan – usually about $200 – you’re able to invest more in your business. This investment allows you to produce more, sell more and thus generate more income for yourself.

With this increase in income, these microentrepreneurs can better support their children and families, by purchasing clothing, sending them to school, or accessing clean water and healthier foods. While microcredit isn’t a silver bullet solution to poverty, the impact that it can make on the next generations is real.

Currently, Whole Planet Foundation is supporting 77 projects in 57 different countries including the US. With a 97% repayment rate, we’ve reached more than 250,000 microcredit clients impacting the lives of more than 1.5M people.

We’re thankful for the support of No More Poverty to be able to continue to support those living in extreme poverty.

If you’d like to get involved, please visit our website or connect with us on Facebook or Twitter.