Brief Overview of the Organization
One Acre Fund is a non-profit organization that supports smallholder farmers in sub-Saharan Africa. Founded in 2006, the organization provides farmers with financing for seeds and fertilizer, training on agricultural techniques, and market access to sell their produce. By delivering these services, One Acre Fund aims to increase the productivity and incomes of farmers, thereby improving food security and livelihoods across the region.
Description of Its Mission and Goals
One Acre Fund’s mission is to empower smallholder farmers to achieve greater productivity and economic self-sufficiency. The organization aims to alleviate hunger and poverty by providing farmers with the tools and resources they need to thrive. Specifically, One Acre Fund focuses on:
– Increasing farm yields and incomes through improved agricultural practices.
– Enhancing food security for communities.
– Promoting sustainable farming techniques to combat climate change.
– Expanding access to markets for smallholder farmers.
Major Achievements Over the Past Year
In the past year, One Acre Fund has made significant strides in expanding its reach and impact:
– Served over 4.8 million farmers across nine countries.
– Achieved a 95% loan repayment rate among participating farmers, reflecting high satisfaction and trust in the program.
-Launched One Acre Fund Re, a reinsurance facility designed to offer farmers improved and affordable coverage against extreme weather events
Specific Metrics
– Number of Beneficiaries: 26 million total farm family members.
– Funds Raised: Over $100 million in donor funding and grants, ensuring the sustainability and expansion of key programs.
– Programs launched: Expanded agroforestry programs and introduced new digital tools for farmer training and support.
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