When farmers improve their harvests, they pull themselves out of poverty. They also start producing surplus food for their neighbors. When farmers prosper, they eradicate poverty and hunger in their communities.
One Acre Fund is growing quickly and we are proud to soon represent Africa’s largest network of smallholder farmers. By 2020, we will serve at least 1 million farm families - with more than 5 million people living in those families. And the farmers we serve will produce enough surplus food to feed another 5 million of their neighbors.
This is only the tip of the iceberg. When millions of farmers speak with one voice, we can more effectively pursue collaboration together with government and the private sector to broaden our reach.
How does your innovation work?
Here’s how our model works:
Asset-Based Loans. Farmers receive high-quality seeds and fertilizer on credit, and we offer a flexible repayment system that allows them to pay back their loans in any amount throughout the loan term.
Delivery. We deliver inputs to locations within walking distance of every farmer we serve.
Training. Farmers receive training throughout the season on modern agricultural techniques.
Market Facilitation. We offer crop storage solutions and teach farmers about market fluctuations, so that they can time crop sales to maximize profits.
Every link in this chain is important—if one is missing, then the others won’t have as much impact. One Acre Fund provides all of these services together, enabling farmers to significantly increase their incomes and build paths to prosperity.
What Evidence do you have that your Innovation works?
At One Acre Fund, impact is our North Star. We always seek to generate positive impact in the lives of smallholder farmers, and rigorous measurement is the only way to know if we are heading in the right direction.