A “blueprint” for supporting small farmers: The Boston Globe features OPIC partner Root Capital
“In most countries, economic prosperity comes from small businesses, yet in the developing world, many businesses fail to thrive, or fail period, because they are systematically locked out of the banking sector,” Willy Foote founder and CEO of OPIC partner Root Capital, explains in this Boston Globe profile. “We’re trying to create a blueprint for how you lend in these agricultural markets.”
Root is a nonprofit social investment fund that works to empower small rural farmers by providing financing together with training to help local producers connect to global markets. Last year OPIC recognized Root with an Impact Award for its work supporting small farmers from Latin America to Sub-Saharan Africa.