myAgro
Model & Strategy
myAgro believes that it is incredibly important that poor people have a way to protect and save their wealth in order to move out of poverty. Small-scale farmers, who make up the majority of the world’s poor, are also the most likely to lack access to a savings account.
myAgro enables farmers in West Africa to save for fertilizer, seed and training packages on layaway through a mobile-based platform and a network of vendor partners. By training farmers on labor-saving techniques, myAgro makes it possible for farmers to plant more land, with increasing productivity. Using this system, farmers increase their yields 50-100% and use the increased harvest to connect to markets, or feed their families year-round.
Over time, myAgro’s impact goal is to help farmers more than double their farm income to exceed $1,000 annually.
Anushka has worked in rural Africa since mid-2008, helping to increase market access for small-scale farmers. From her on-the-ground experience working with farmers, she learned about the lack of savings options for small-scale farmers and set out to create a model that would reach remote and hard-to-serve farmers.
Anushka previously created and led Kiva’s Fellows Program in 2007. She joined One Acre Fund in 2008 in Bungoma, Kenya and created many of the operations and back office structures to scale the program 50x in three years. Anushka is a 2011 Rainer Arnhold Fellow, 2012 Echoing Green Fellow and 2014 Pop!Tech Fellow.
IMPACT
Farmers increase yields 50-100% and net farming income $150-$300 per year.
The number of beneficiaries grew from 240 farmers reached in 2012 to 120,000 farmers reached in 2020 (estimate).
In just 7 years, myAgro has grown its budget by more than 44x and beneficiaries from 240 to 120,000, while cutting the donor subsidy required to lift each farmer out of poverty by more than 67%, from $320 to an estimated $103 in 2020.
myAgro was a recipient of a 2018 Skoll Award for Social Entrepreneurship.
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We had the opportunity to welcome @UNSGSA Queen Máxima to myAgro where she met with farmers like Badjane, a longtim… https://t.co/uJdRCbmaQ9
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RT @P4Gpartnerships: Join @EnergiseAfrica, @_avpa_, @GoodEnergies and @myAgroFarms for a panel discussion as part of #LCAW22 looking at how…
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RT @SkollFoundation: .@myagrofarms' work in Tanzania and other African nations is helping women farmers overcome barriers around finance, a…
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We have seen firsthand the ripple effect a woman’s financial opportunity & economic stability can have on families… https://t.co/uCAl87mjHS
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RT @koninklijkhuis: In #Senegal ontmoet Koningin Máxima @UNSGSA lokale boeren die haar vertellen hoe zij met training en een digitaal spaar…
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RT @koninklijkhuis: In #Senegal Queen Máxima @UNSGSA meets local farmers who explain how the training and digital savings system from @myAg…
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RT @TheAudaciousPrj: 🌱 Farmers in West Africa face issues with buying enough seeds throughout the year 🌱 Let's understand the root of how…
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RT @Forbes: How a social entrepreneur launched a savings tool for smallholder farmers https://t.co/qv3yMLAMhH Sponsored by @myAgroFarms htt…
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The opportunity to share our model was an honor. We're very grateful for the #UNSGSA’s visit & look forward to buil… https://t.co/bJg1ZSDEAy
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RT @GrowFurther_: How A Social #Entrepreneur Launched A Savings Tool For #Smallholder #Farmers: https://t.co/YMVAJGF0qY @forbes #Kenya @myA…
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RT @B4SI_Global: 𝐉𝐨𝐢𝐧 𝐮𝐬 𝐭𝐨𝐦𝐨𝐫𝐫𝐨𝐰 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐁4𝐒𝐈 𝐌𝐢𝐝-𝐘𝐞𝐚𝐫 𝐄𝐯𝐞𝐧𝐭 Come to hear our speakers from @IHGhotels , @coopuk , @TheGoodrCo , @Bayer ,…
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We've recently joined @Forbes EQ as a non-profit contributor—alongside @oppagenda @RED. See our latest piece on Fo… https://t.co/3lnb0LwFsp
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RT @B4SI_Global: Join us next Tuesday! Our panellists from @Bayer and @BeazleyGroup and their #communitypartners from @myAgroFarms and @Re…
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RT @Forbes_Studio: @Forbes EQ has launched its fourth flight, with three new nonprofit contributors — The Opportunity Agenda, @myAgroFarms…
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RT @clooperapp: Happy Africa Day! 🌍 This year's theme is focused on the importance of addressing malnutrition and food insecurity. Check ou…
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RT @DRKFoundation: Poverty fighter Anushka Ratnayake's nonprofit @myAgroFarms offers farmers a place to save small amounts of money and all…
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RT @TEDpartners: Poverty fighter Anushka Ratnayake introduces her nonprofit @myAgroFarms, which offers farmers a place to save small amount…
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Arram is a myAgro peanut farmer with an entrepreneurial spirit. She not only farms but owns a boutique, raises live… https://t.co/ExeGeplVNI
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Samba is a farmer, husband & father. Last season he harvest 4 bags of peanuts & was so proud of his yield that he s… https://t.co/fHKkG41HtF