Zambia-based Good Nature Agro recently raised USD 8.5 million in Series B equity from US-based Global Partnerships and two organizations with offices in the Netherlands, Oikocredit International and Goodwell Ventures. Good Nature Agro supports small-scale farmers with: (1) seed selection; (2) financing; (3) access to technology; (4) customized advisory services; and (5) guaranteed crop sales. The investment from Oikocredit is its first in Good Nature Agro, while the other firms have invested in Good Nature Agro previously.
Good Nature Agro Co-founder and CEO Carl Jensen stated that the new funding will “help us serve customers beyond…Zambia’s borders. It also aligns us with the government of Zambia’s push to increase trade and feed the region and ultimately the world.”
Established in 2014, Good Nature Agro aims to raise the incomes of farmers by supporting them in shifting from raising maize to legumes. This reportedly can triple farmers’ incomes. Good Nature Agro has not released data on the scale of its operations.
By Hawra Moochhala, Research Associate
Sources and Additional Resources
Good Nature Agro press release
https://goodnatureagro.com/good-nature-agro-secures-8-5-million-series-b/
Good Nature Agro homepage
https://goodnatureagro.com/
Global Partnerships homepage
https://globalpartnerships.org/
Goodwell Investments homepage
https://goodwell.nl/
Oikocredit homepage
https://www.oikocredit.coop/
Additional MicroCapital stories on Oikocredit
https://www.microcapital.org/?s=oikocredit
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