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Acumen Resilient Agriculture Fund (ARAF)

10000000
Beneficiaries Anticipated number of people with increased resilience

Impact

Adaptation
GCF results areas
  • Health, food and water security
  • Livelihoods of people and communities
UN Sustainable Development Goal
  • #2 Zero hunger

Location & People

Region
  • Africa
Countries
  • Ghana GHA
  • Nigeria NGA
  • Uganda UGA
Beneficiaries (approx.) 10,000,000

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Equity USD
  • Instrument Grant USD
Co-Financing
  • Acumen Equity USD
  • Other investors Equity USD
  • Other investors Grant USD

Project owners

Accredited Entity Executing Entity
  • Acumen Resilient Agriculture Fund LP
  • Acumen Capital Partners, LLC
  • Acumen Fund, Inc.
Acumen Resilient Agriculture Fund (ARAF) Approved March 2018 Est. implementation period 12.0 years
Supporting pioneering and early-growth innovative agribusinesses that enhance the climate resilience of smallholder farmers.

Agriculture is a major industry in the target countries, and up to 80 percent of farmland is managed by smallholder farmers who are highly vulnerable to the impacts of climate change. Climate resilience is key to ensuring a long term sustainable increase in agriculture productivity and incomes for smallholder farmers.

The Acumen Resilient Agriculture Fund (ARAF) will improve climate resilience to ensure long-term sustainable increases in agriculture productivity and incomes for smallholder farmers. It will shift the pattern of investment in climate change adaptation activities in Africa from grants to a long-term capital approach, enabling smallholder farmers to respond to climate change more efficiently and effectively. It will support innovative private social entrepreneurs in micro-, small, and medium-sized enterprises (MSMEs) by providing aggregator and digital platform and innovative financial services to smallholder farmers.

The project has an estimated lifespan of 12 years.
Document title Published date
Funding proposal 27 Mar 2018
Gender assessment 22 May 2018
Gender action plan 23 May 2018
Accredited Entity
  • Acumen Fund, Inc. (Acumen) Mr. Sachindra Rudra Tel: +1 91 98675 65707 Mr. Alexander Healey Tel: +1 646 747 3855
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