Overstock.com is pleased to share that all net profits from the Worldstock Fair Trade department, are donated to directly fund philanthropic projects in several countries, including Guatemala, Kenya, Malawi and Nepal.
In San Marcos Guatemala funds from Worldstock have helped in the construction of an earth bag house, rain water harvesting tanks (to provide clean water to the orphans), and a composting toilet and shower unit. In Kenya funds have built the Fanya Mambo School, which is designed to improve the future of Kenya by educating the children. The school also provides training in construction in a way that will improve the urban landscape. Worldstock funds have also made possible the construction of water towers and a pump house in Malawi Africa.
Worldstock Fair Trade is Overstock.com's socially responsible department that returns 60 to 70 percent of the sales dollars to artisans. This allows them to improve their economy, educational systems and comminutes. Worldstock has established contacts in over 60 countries creating employment opportunities for approximately 10,000 artisans around the world. To date, Overstock.com has returned more than $67 million to Worldstock's artisan suppliers.
"Worldstock's mission is to create sustainable livelihoods for artisans around the world by leveraging the internet to introduce their goods to the U.S. market. We feel privileged to be able to further support international humanitarian efforts around the world by bringing schools, clinics, drinking water, and sustainable cottage industries to artisan communities globally." Overstock.com Chairman and CEO Patrick Byrne.