One Acre Fund, a leading social enterprise dedicated to improving the livelihoods of smallholder farmers in East Africa, has received a significant investment from Impact Bridge Asset Management. This $1.4 million injection of capital from the Spanish impact investment fund will further strengthen One Acre Fund’s efforts to empower farmers and contribute to sustainable development in developing countries.
Founded in Kenya in 2006, One Acre Fund has been instrumental in providing critical support to over 1 million smallholder farmers across nine African countries, including Kenya, Uganda, and Rwanda. By offering access to vital resources such as high-quality seeds, fertilizers, and agricultural training, One Acre Fund empowers farmers to increase their yields, improve their incomes, and enhance food security for their families and communities.
One Acre Fund’s innovative approach leverages technology to enhance accessibility and efficiency. Farmers can utilize mobile phones to access vital information, repay loans, and sign up for services, facilitating seamless interaction with the organization. This technology-driven approach not only streamlines operations but also empowers farmers with greater control over their agricultural practices.
Looking ahead, One Acre Fund has set an ambitious goal of serving 10 million farmers by 2030. This ambitious target represents a significant step towards alleviating poverty and improving the lives of millions of people living in extreme poverty across the globe.
The investment from Impact Bridge Asset Management aligns perfectly with the fund’s mission to drive positive social and environmental impact in developing countries. By investing in One Acre Fund, Impact Bridge Asset Management is not only supporting a vital social enterprise but also contributing to crucial development goals such as poverty reduction, food security, and climate change mitigation.
