Projects

Good Nature Agro

Period

2023

Country

Zambia

Sector

Agriculture

Financial facility

AgriFI

AgriFI investment will help Good Nature Agro to build a new factory focused on legumes commodity in Lusaka and to increase its production and R&D capacity for seeds.

Project overview

Good Nature Agro (GNA) is a Zambian social enterprise working with smallholders to move them out of poverty. The firm works with ~30,000 smallholders to produce seeds (to be replanted and not directly consumed) and commodity (to be eaten or processed) for 4 different legumes: groundnut, cowpea, soybean, beans. Its focus on legumes creates long-term positive change for soils and increases access to more nutritious food. At the same time smallholders benefit from guaranteed sales contract, training, inputs package, financing and access to markets.

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Funding objective

EDFI AgriFI invested a total of USD 3 million. The financing will allow GNA to build a new factory focused on legumes commodity in Lusaka and to increase its production and R&D capacity for seeds in its historical headquarters of Chipata in Eastern Zambia.

Investment rationale

  • Positive impact on soil fertility and on crop rotation: legumes increase fertility by bringing nitrogen to the soil and are more resilient against climate change;
  • Impact on food security: legumes are rich in protein, nutrients and vitamins;
  • Local value chain with more than 30,000 smallholders impacted and creation of jobs.

Key Indicators

Impact

30,000 smallholder farmers

Financial Instrument

Senior loan

Amount

USD 3 million (EUR 2.71 m)

Year

2023