Originally published: March 6, 2008
Source: Bio-Medicine
Whole Planet Foundation, a Whole Foods Market nonprofit dedicated to combating poverty in developing countries through microcredit, has announced the creation of Whole Planet Foundation Supplier Alliance for Microcredit, a unique coalition of natural foods companies. The Alliance has pledged US$1.05 million over three years to help support the Foundation's microlending programs in developing world communities. It will directly support more than 32,500 people in 6,500 families through the creation of home-based businesses.
The Alliance partners include Allegro Coffee Company, Back to Nature, Balance Bar, The Hain Celestial Group, ITO EN, Naked Juice, New Chapter, Seventh Generation, Stacy's and Whole Foods Market. The Foundation's annual operating budget and overhead will continue to be fully supported by Whole Foods Market, which also invests US$1 million annually to support microlending programs.
"Businesses developed with loans from the Whole Planet Foundation Supplier Alliance for Microcredit will be as diverse as agricultural production, animal husbandry, pastry and bread making, sewing, textile and other handicraft work," said Philip Sansone, President and Executive Director of Whole Planet Foundation.
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