Acumen Resilient Agriculture Fund (ARAF): FP078
Project Outline
This project seeks to support pioneering and early-growth stage innovative agribusinesses that enhance the climate resilience of smallholder farmers (SHFs) in East and West Africa, focusing on climate resilience-enabling investments and by making select investments in enabling ecosystem businesses with indirect yet clear and important benefits for climate resilience.
| Country(ies) | Uganda, Ghana, Nigeria |
|---|---|
| National Designated Authority (NDA) | Uganda, Ghana, Nigeria1 |
| Accredited Entity (AE) | Acumen Fund, Inc. (Direct/Regional) |
| Executing Entity (EE) | Acumen Resilient Agriculture Fund LP (Private) |
| Date of Final FP Submission | February 3, 2018 |
| Estimated Project Duration | 2018-2030 |
| Target Sector | Agriculture/Agri-business |
| GCF Financing | 26 million USD (3M USD (Grant) + 23M USD (Equity)) Micro |
| Co-financing |
|
Project Description
< Major Project Components>
- Investment in provision of agricultural technologies to improve resilience (e.g., hybrid seeds, sturdy breeds).
- Investment in provision of information and communication technologies (ICT).
- Investment in provision of innovative financial services in agri-business.
Ref: FP087 Acumen Resilient Agriculture Fund (ARAF)
Potential Indicators of Key Impacts
Expected total number of direct and indirect beneficiaries, disaggregated by gender (reduced vulnerability or increased resilience):
- Direct beneficiaries: 2,100,000 persons (50% of total beneficiaries will be female)
- Indirect beneficiaries: 7,900,000 persons
3.9% of the total population - Other relevant indicators: 25-50% of farmers being served by ARAF's investments are living below the World Bank's $3.10 per person per day poverty line.
