Honest Tea Renews Commitment to the 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 and online 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.
Honest Tea has committed $50,000 to Whole Planet Foundation this year. As a repeat donor, Honest Tea has donated $50,000 to fund 275 microloans and create 1,450 opportunities for a better life.
From the Honest Tea team: “Honest Tea is proud to continue our support of Whole Planet Foundation in 2021. Honest Tea is committed to creating economic opportunity in communities where they source their ingredients. Since beginning its Fair Trade journey, Honest Tea has paid more than $2 million to supplier partners in Fair Trade premiums in places like India, where Whole Planet Foundation funds microcredit. Their support of Whole Planet Foundation will create additional economic opportunity through the funding of microloans for entrepreneurs living in poverty to start or develop a small business. This will help microentrepreneurs lift themselves and their families out of poverty.”
Learn more about the transformative power of microcredit at Whole Planet Foundation, and join Honest Tea in the Prosperity Campaign online to fund essential businesses of women entrepreneurs worldwide.
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