Kenyan Social Enterprise One Acre Fund Raises USD 1.4 M Funding

One Acre Fund, a Kenyan-based social enterprise supporting 1 million smallholder farmers in East Africa, has secured a USD 1.4 M debt fund from Impact Bridge Asset Management, a Spanish fund manager specializing in social impact investing, via its IB Impact Direct Debt.

Launched in 2006, One Acre Fund trains farmers in sustainable farming practices, including micro-dosing of fertilizers, advice on planting techniques, soil and crop health and services such as credit and crop insurance to protect farmers against drought and flood due to climate change. The startup supplies smallholder farmers with access to naturally-enhanced hybrid seed crops, quality fertilizers and training on better farming practices, to enhance and improve the quality of their farming, increase yield, and increase their incomes and quality of life.