OPIC client Root Capital reaches a $100 million milestone
Congratulations to OPIC client Root Capital for reaching $100 million in active loans for the first time in its 15-year history! Root Capital is a nonprofit social investment fund that strengthens rural livelihoods in poor, environmentally vulnerable places in Africa and Latin America.
Root Capital provides a reliable source of financing for clients, enabling them to make investments in agricultural inputs and training, improve the quality and efficiency in processing crops, and earn higher prices for farmers. The fund’s success shows the effectiveness of impact-driven agricultural finance and the emerging field of impact investing.
Root Capital has come a long since it first loaned $73,000 in 1999 to a sustainable cardamom and coffee cooperative in western Guatemala. Today, the Massachusetts-based fund has disbursed nearly $800 million to more than 550 rural businesses, reaching more than 1 million households.
Here is a blog post from Nate Schaffran, who oversees Root Capital’s lending operations in Latin America and Africa, about reaching the $100 million milestone. Check out OPIC’s Root Capital project profile here for more on how OPIC has committed more than $30 million in financing to help Root Capital improve the lives of farmers and rural farm cooperatives.