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Press release content from News Direct Corporation. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from News Direct Corporation
Press release content from News Direct Corporation. The AP news staff was not involved in its creation.

Chobani Renews Commitment to Whole Planet Foundation Supplier Alliance for Microcredit

July 8, 2021 GMT

--News Direct--

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.

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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.”

Learn more about the transformative power of microcredit at  Whole Planet Foundation, and join Chobani in the Prosperity Campaign  online  to fund essential businesses of women entrepreneurs worldwide. 

View additional multimedia and more ESG storytelling from Whole Foods Market Foundations on 3blmedia.com

View source version on newsdirect.com: https://newsdirect.com/news/chobani-renews-commitment-to-whole-planet-foundation-supplier-alliance-for-microcredit-249019947