Acumen Resilient Agriculture Fund (ARAF)

  • Adaptation
  • Under implementation
Date approved
01 Mar 2018
Est. completion
03 Sep 2030
ESS Category
Intermediation 3
Financing
Private sector
Entity
Acumen Fund, Inc.

Overview

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.

Result areas

Countries

Regions

Priority groups

Project timeline

  • Pipeline

    414 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    552 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    2,478 days so far

    • FAA effective

  • To be completed

    1,541 days to go

    Not started

  • Total project value $ 56 million

  • Total number of beneficiaries 10 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 56 million

Show details

GCF-financing

85% disbursed

  • Equity USD 23,000,000
  • Grant USD 3,000,000
  • Total GCF-financing USD 26,000,000

Co-financing

  • Equity USD 25,000,000
  • Grant USD 3,000,000
  • Equity USD 2,000,000
  • Total co-financing USD 30,000,000

News and stories

Documents

Project contacts

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