Brightly colored textiles made in Ghana, Guatemala, Thailand and Uganda graced the runway at a March 2015 fashion show to benefit Whole Planet Foundation®, which raises funds to alleviate poverty in communities around the world that supply Whole Foods Market® stores with products. Golden Door was pleased to participate in the event, which raised $100,000.
That amount will fund 523 new microcredit loans, based on the current average first loan size of $191, and help 2,615 people in 63 countries, according to Whole Planet Foundation®. The microcredit loans are repaid and re-loaned again and again, at an average repayment rate of 97 percent. Based on the Foundation’s Impact Calculator, each $100,000 raised will help 40,450,671 people during a span of 60 years.
We are thrilled to assist with a project that has such an immediate and lasting impact to help empower people throughout the world, said Kathy Van Ness, general manager and chief operating officer of Golden Door. Each loan given to an entrepreneur helps nurture their energy and creativity to support themselves and an average of four other people.