Each month, one more individual in the developing world will have a chance to lift themselves out of poverty through microcredit, thanks to Teatulia’s support.
Denver, CO (PRWEB) July 10, 2013
Teatulia announced today that it has chosen to become a partner of the Microloan A Month Fund®, a program launched as part of Whole Planet Foundation®’ s efforts to alleviate global poverty. The program funds financial assistance to poor entrepreneurs around the globe to help them create or expand a home-based business and lift themselves out of poverty. This partnership is from May 2013 to May 2014.
“Each month, one more individual in the developing world will have a chance to lift themselves out of poverty through microcredit, thanks to Teatulia’s support,” said Philip Sansone, President and Executive Director for Whole Planet Foundation. “We’re grateful for their support and commitment to our cause.”
Through the Microloan A Month Fund program, Teatulia will fund a monthly donation of $166 to Whole Planet Foundation, the average amount of a foundation-supported borrower’s first microloan in the developing world.
“We are proud to have partnered up with such a worthy organization,” says said Teatulia CEO and Co-founder, Linda Lipsius. “Every business deserves a chance to succeed and we want to give hope to those entrepreneurs who wouldn’t ordinarily have a chance.”
Teatulia’s aim is to show their support for the growing global entrepreneurship movement while inspiring other businesses to do the same. Through the Microloan A Month Fund, Teatulia will provide much-needed financial assistance to individuals all over the world who are often overlooked by traditional lending institutions.
Teatulia Organic Teas are sourced directly from their own garden in Northern Bangladesh and other like-minded gardens, with no long-term warehouse storage and no waiting around to be put into the right blend by a third party. The results are exquisite, clean and smooth teas that support education, business and health initiatives and demonstrate a thorough commitment to sustainability. Started in 2000 to give back to the local community, the Teatulia Gardens were established as an enterprise that would give the most people a living wage while protecting and strengthening the environment. The Teatulia Cooperative has established revolutionary education, health and cattle-lending programs for the people working in the garden and surrounding areas. All sales of Teatulia Organic Teas contribute to this mission, helping to better the lives of men, women and children in our community while rebuilding the local ecosystem. For more information about Teatulia Organic Teas, please visit http://www.teatulia.com.
About Whole Planet Foundation®
Founded in 2005, Whole Planet Foundation is a Whole Foods Market foundation that funds poverty alleviation worldwide where the company sources products. The nonprofit’s mission is to empower the poor living in developing-world communities with microcredit and the chance to create or expand a home-based business and lift themselves and their families out of poverty. As of May 2013, Whole Planet Foundation is funding microlending programs through microfinance institution partners in the U.S. and across 56 countries in Africa, Asia, Latin America, supporting more than 1.6 million people with a chance for a better life. To date, the nonprofit has authorized more than $37 million and disbursed $24 million through microlending partners worldwide. Learn more and donate online at wholeplanetfoundation.org.