Goodwell Investments, Oikocredit, and GP SVF Inject $8.5M in Good Nature Agro to Empower 30,000 Farmers in Zambia
Zambian social enterprise Good Nature Agro (GNA) has secured $8.5 million in equity funding from Goodwell Investments, Oikocredit, and Global Partnerships/Eleos Social Venture Fund (GP SVF).
The investment will support GNA’s mission to empower approximately 30,000 smallholder farmers in southern Africa by providing access to inputs, input finance, climate-smart training, and a guaranteed market for high-value produce.
GNA’s business model is designed to help smallholder farmers professionalize their businesses and escape poverty.
The company focuses on the cultivation of drought-resistant, early-maturing legume seed varieties such as beans, cowpeas, soybeans, and groundnuts. This helps farmers to reduce their risk and improve their resilience to climate change.
GNA’s investors were drawn to the company’s innovative business model, its strong track record of success, and its commitment to social impact.
Goodwell Investments, Oikocredit, and GP SVF all have a mission to support African companies contributing to a more inclusive and sustainable society.
The new investment will enable GNA to expand its reach and impact.
The company plans to grow its client base to 50,000 farmers by 2027 and deepen its client engagement.
GNA will also use the funding to develop new genetics for greater yields and resilience and continue innovating in agricultural supply chains.
GNA’s success is a testament to the power of social enterprise to address complex challenges.
GNA is helping to create a more prosperous and sustainable future for Africa by providing smallholder farmers with the resources and support they need to succeed.
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