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.
240 farmers reached in 2012; 50,000 farmers reached in 2018 (E).
In just 4 years, myAgro has grown its budget by 872% and the beneficiaries by 1086%, while halving the donor subsidy required to lift a farmer out of poverty from $320 to an estimated $158 in 2018.
myAgro was a recipient of a 2018 Skoll Award for Social Entrepreneurship.
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RT @CASEatDuke: Managing impact investment capital during #COVID19? Join our FREE webinar on April 16 at 12pm EST for a robust discussion w…
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RT @innocentfdn: Delighted to hear the good news that one of our brilliant project partners @myAgroFarms has been named as one of the MacAr…
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RT @LesslLessl: Today is #WomensDay2020. Check out my post below on Daba, an amazing peanut farmer I met in Senegal who increased her inco…
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Q: What's the difference between a farm using organic compost AND fertilizer vs. a farm that uses fertilizer only?… https://t.co/mSqRF58Bqz
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RT @LeverforChange: Congratulations to @myAgroFarms for being selected for the Top 100 in #100andChange! Read more about their proposal i…
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RT @macfound: On 2/18/20 we announced the Top 100 in our #100andChange competition! So for 100 days, we’ll feature (in alphabetical order)…
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myAgro is proud to join the Bold Solutions Network. As a Top 100 organization, we're in the running for $100 millio… https://t.co/vorF61qZ4p
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RT @Cisco: How is @myAgroFarms changing the lives of smallholder #farmers? Find out here. https://t.co/rNiDO1wZkV
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RT @RootCapital: “Women, youth, and farmers in general, need to be supported by an environment that make it easier to do business.” @RootCa…
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RT @rootcapitalceo: So glad to catch up with the work of fellow @SkollFoundation awardee Anushka Ratnayake and @myAgroFarms. She is harness…
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myAgro Founder and CEO Anushka Ratnayake sits down with @RootCapital Founder and CEO Willy Foote to talk social ent… https://t.co/PNN1cLTKqI
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On #worldchildrensday myAgro is proud to serve smallholder farmers with improved inputs and agricultural training t… https://t.co/pT4XSma49v
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We were proud to work with @autodesk staff during a Pro Bono Consulting immersion project in Senegal earlier this y… https://t.co/wQbYBkKJop
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RT @ariana_constant: talking about the importance of trust, communication, and collaboration between civil society, research institutions,…
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A big thank you to @RippleworksOrg for helping accelerate myAgro's impact! A great writeup featuring our work in… https://t.co/yF3PKbxf9s
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RT @DRKFoundation: “Organizations that can get to scale think about the endgame in the beginning” @jimbildner at #SOCAP19 w/ @myAgroFarms a…
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RT @EmCollective: Many rural farmers would like to save, but live so far from banks that savings payments would be dwarfed by transport cos…
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RT @AutodeskFdn: A video about skill-based #volunteering & cultural immersion. Eight Autodesk employees in #Senegal working to build resili…
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We're celebrating International #DayoftheGirl with a flashback from myAgro Founder and CEO, Anushka Ratnayake.… https://t.co/zbf1jxKP9A
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RT @AveryBang: @MulagoFound walking through the getting to scale framework that has taken @lastmilehealth, @myAgroFarms, @OneAcreFund (and…