In its recently issued 2022 Impact Report, ThriveAgric highlighted outstanding growth and achievements supported by key strategies and relationships.
The internal operating procedure of the organization has been enhanced, with a talented workforce driving the success.
ThriveAgric has secured a solid platform for growth by recruiting professionals with domain experience in the agricultural value chain, risk management, and agric-finance.
Uka Eje, CEO of ThriveAgric, says that the company is aiming for $500 million in credit for 10 million smallholder farmers by 2027.
According to him, “We’ve been working hard to improve our internal operational processes, and our staff has been a big part of that. As a result, we can find personnel with domain experience in the agricultural value chain, risk, and agriculture financing. Technology has also played a big part in our expansion as a result of our ambition to scale. We were able to implement our own Agricultural Operating System (AOS) to improve efficiency across the board and increase our productivity holistically and sustainably”.
In addition, the company successfully cooperated with reputable organizations such as USAID Funded – West Africa Trade and Investment Hub, Visa, Heifer International, and OCP Africa, among others, whose relationships have benefited our operations.
According to him, “Women and youth participation are crucial to our work at ThriveAgric. Over the last two years, we have collaborated with the USAID-funded West Africa Trade and Investment Hub and Heifer International to grow women’s engagement in our network by over 50,000.”
Following the completion of these projects, yields of these types of farmers improved by roughly three times the national average, positively boosting their profits.
The team’s vision and desire is to establish an Africa that feeds itself and the rest of the world.
By 2027, the company hopes to have provided $500 million in financing to 10 million smallholder farmers in Nigeria, Ghana, Kenya, and other places.
To accomplish this, the firm would collaborate with key stakeholders in value chain in these countries. In addition to this, there will be collaboration with other organizations to promote sustainable agriculture.