A new groundbreaking reinsurance fund called 'One Acre Fund Re' is set to provide a critical financial safety net for 1 million smallholder farmers in 2024, scaling steadily thereafter. Announced in partnership with the International Finance Corporation, U.S. International Development Finance Corporation and the African Risk Capacity, this new resource will leverage One Acre Fund's on the ground presence and rigorous data gathering to design insurance products and direct payouts in a way that more effectively responds to farmer experiences. One Acre Fund aims to scale the scheme to 4 million farmers by 2030, helping to bolster the long-term resilience of smallholders in the region. |
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