One Acre Fund (Burundi, Kenya, Malawi, Rwanda, Tanzania, Uganda, Zambia) (DFC-ONEACREFUND)

Countries
  • Burundi
  • Kenya
  • Malawi
  • Nigeria
  • Rwanda
  • Tanzania
  • Uganda
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
One Acre Fund
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 114.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 24, 2019

Disclosed by Bank Oct 10, 2018


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Project Description

According to the Agency's document, this project provides financing to the One Acre Fund in order to provide smallholder farmers in sub-Saharan Africa with a bundle of products and services to help them significantly improve their yields. 

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

One Acre Fund is a social enterprise.