Root Capital
Social Entrepreneur
William Foote
Founded
1999
MISSION
To build rural prosperity.
BUSINESS MODEL
A non-profit social investment fund with US$52.4 million in capital under management that is providing capital, delivering financial training and strengthening market connections for small and growing businesses that build sustainable livelihoods and transform rural communities in poor, environmentally vulnerable places.
Where they work
30 countries across Africa and Latin America.
Annual budget
US$9.9 million FY11 (Dec11).
Delivered to date
Provided over US$280 million through more than 1,000 loans to more than 330 borrowers, reaching 500,000 small producers, while achieving a 99% repayment of loans.
Impact
US$1,289 in additional annual household income.
big plans
Make US$250m disbursements and reach an average outstanding balance of US$130m by 2015, reaching over 800,000 rural producers through approximately 350 borrowing groups.
Our investment so far
US$200k and NZ$300k (including NZ$150k from the New Zealand Aid programme) in unrestricted grants.
