BENEFITING: Root Capital Inc.
EVENT DATE: Sep 30, 2013
2.6 billion people live on less than $2 a day. The majority are small-scale farmers who live in remote, rural communities in the developing world. These 500 million small-scale farm families are trapped in a cycle of poverty—dependent on agriculture, but unable to access capital or viable markets for their crops. Relegated to subsistence living, many turn to survival tactics that stress the environment, such as deforestation and slash and burn agriculture.
Root Capital is a nonprofit social investment fund that grows rural prosperity in poor, environmentally vulnerable communities in Latin America and Africa by lending capital, delivering financial training, and strengthening market connections for small and growing agricultural businesses. Our clients aggregate, process, and market the harvests of hundreds to thousands of farmers for sale to global buyers paying higher prices. The businesses Root Capital finances pay higher and more stable prices to small-scale farmers than they could otherwise obtain. That improves farmers' livelihoods, and empowers them to invest in their children's futures and in their local communities, while adopting environmentally sustainable agricultural practices that are critical to long-term prosperity.
Besides supporting our core work providing lending and training to small and growing agricultural businesses, your gift will enable Root Capital to continue to focus on strategic initiatives:
- Women in Agriculture, which seeks to empower female business leaders and smallholder farmers, enabling them to strengthen the health and prosperity of their families and communities.
- Climate Smart Agriculture, which focuses on promoting best practices for environmentally sensitive geographies and for specific agricultural sectors.
- Peace and Recovery, which helps to grow local economies recovering from war and other disasters, such as post-earthquake Haiti, where the local infrastructure and economy are still recovering.
Thank you for supporting our mission to grow sustainable livelihoods!