One Acre Fund
Social Entrepreneur
Andrew Youn
Founded
2006
MISSION
To get farming families out of extreme poverty.
BUSINESS MODEL
A comprehensive group of services to subsistence farmers that include: organize farmers into producer groups, loan them seeds and fertilizer on credit, educate them, insure their crops against significant draught or disease and help them access harvest markets.
Where they work
Kenya and Rwanda.
Annual budget
US$8 million FY11 (Dec-11) with US$4.2 million in revenue coming from program fees and farmer revenues.
Delivered to date
Serve 31,964 farm families covering more than 127,000 children across 8 districts in 2 countries; increase take-home farm income by 102% with 99% of farmers repaying program fees.
Impact
Increasing take-home farm income by 102% per acre (US$120/family/year).
BIG plans
To reach 1 million farmers with 5 million people living in those families, and earn $100mn+ revenue per year by 2020.
Our investment so far
US$500k and NZ$600k in unrestricted grants (including $300k from NZ Aid Programme) and US$500k loan.
