BY Kate Douglas | 23 May 2014
One Acre Fund is a non-profit organisation serving smallholder farmers (typically living on one acre of land) in the East African countries of Kenya, Tanzania, Rwanda and Burundi. However, what makes it unique is that its model operates like a business.
“Instead of giving handouts, we invest in farmers to generate a permanent gain in income,” explained Jenny Best, spokeswoman for One Acre Fund, adding that the organisation is moving towards financial sustainability with 73% of its field operating costs covered by farmer repayments, while the remainder comes from donations and grants.
Co-founded by Andrew Youn in 2006, One Acre Fund provides loans in the form of seeds and fertilisers and currently serves roughly 180,000 small-scale farmers. The organisation’s aim is to reduce poverty and improve food security in areas where agricultural potential is severely untapped.
“Seventy percent of the global poor…
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