Micro-lending and Whole Foods Market Customers to Aid in Haiti Relief.
Aldea’s partner reaches out with Microcredit.
By Jenelle Madrid.
Whole Planet Foundation has doubled the amount of contributions from Whole Foods Market customers by providing Fonkoze, the foundation’s microlending partner in Haiti, with an additional $1 million dollars.
Fonkoze has directed its efforts into creating emergency control centers, securing diesel and stabilizing the staff and their households so they can focus on helping the earthquake victims.
They announced on Wednesday that 31 out of their 41 branches are open, including those in Port-au-Prince. But without the operation of commercial banks, they struggle to maintain cash reserves to meet the demands of borrowers.
Fokoze, an acronym for a phrase that translates into “Shoulder to Shoulder Foundation,” has been building economic foundations in Haiti through microlending for almost a decade, much like Banrural Grameen Guatemala for the artisans at Aldea.
Whole Foods Market, where Aldea scarves are sold, has taken pride in raising $1 million from customers throughout its 289 locations by driving donations at the register.
Contributions from Whole Planet Foundation have taken microlending to a new level of human and social welfare.
Fonkoze continues to update on their efforts via their website.
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