100&Change: 2020

myAgro

Achieving Food Security for Africa's Smallholder Farmers

myAgro provides smallholder farmers an opportunity to invest in and grow their farms, breaking the cycle of rural poverty and creating resilient, food secure communities.

Submitted: August 2019
DOWNLOAD: Project Factsheet
Two-page overview of proposal
Competition Participation
100_change_logo.jpg
100&Change: 2020
Subject
Food security
Current Work Location(s):
  • Bamako Region, Mali
  • Tambacounda, Senegal
  • Mtwara Region, Tanzania
  • Central Region, Uganda
  • Mombasa, Kenya
  • Sahel, Burkina Faso
Priority Population(s):
  • Adults
  • Economically disadvantaged people
  • Farmers
Sustainable Development Goals (SDGs):
  • 1. No poverty
  • 2. Zero hunger
  • 3. Good health and well-being
  • 5. Gender equality
  • 8. Decent work and economic growth
  • 10. Reduced inequalities
  • 13. Climate action
  • 15. Life on land

Executive Summary:

The world’s 1.6 billion rural smallholder farmers are among its poorest and most marginalized people. Annually, these farmers need $200 billion in financing to grow the productivity and income from their farms, but today only 25% of this need is met. This inaccessibility keeps smallholders trapped in a cycle of intractable poverty. myAgro was founded in 2011 to solve this problem with a pioneering a new financial tool: mobile layaway. Farmers use their mobile phones to pay little by little for the seeds, fertilizer, tools, and training they need to improve yields and exit poverty. In 2019, myAgro served more than 62,000 farmers across Senegal, Mali, and Tanzania, increasing their yields by 50 to 100 percent and incomes by more than 50 percent. With additional support, myAgro is poised to successfully reach 2 million farmers across six countries over the next five years.

Organization Details
Lead Organization

myAgro

website: http://www.myagro.org
Organization Headquarters
New York County, New York, United States
Organization ID
45-5267449
Annual Operating Budget
$10 to $49 Million
Number of Full-time Employees
300 to 499
Type
Non-profit

Charity, fund, non-governmental organization, religious institution, school, or other entity