Through its investments Jacoma is committed to achieving a positive social and economic impact within the communities that Jacoma’s subsidiaries operate. Beyond the employment opportunities provided by the nucleus estates, Jacoma also provides quality seed, training and market access to smallholder farmers. Farmers are provided with a contract that guarantees market access and a minimum price for their products.
Jacoma is also exploring innovative and creative opportunities to support smallholder farmers by providing irrigation infrastructure and new technologies to limit the impact of climatic events such as droughts and floods, as well as pest and soil fertility.
Jacoma targets the following key areas of social infrastructure to improve the well-being of its staff and farmers:
- Access to water
- Education facilities
- Health Facilities
Small holder development and support
AgDevCo, a specialist agriculture impact investor, has established the Smallholder Development Unit (SDU) with support from the MasterCard Foundation (MCF) which will further strengthen its ability to improve the livelihoods of smallholder farmers. The SDU will work with rural agricultural enterprises to develop equitable outgrower schemes boosting productivity and incomes for 490,000 smallholder farmers over five years.
The MasterCard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa. As one of the largest private foundations its work is guided by its mission to advance learning and promote financial inclusion to create an inclusive and equitable world. Based in Toronto, Canada, its independence was established by Mastercard when the Foundation was created in 2006. For more information and to sign up for the Foundation’s newsletter, please visit www.mastercardfdn.org. Follow the Foundation at @MastercardFdn on Twitter.
Pearl Capital Technical Assistance Facility
The USAID Technical Assistance facility is designed to help investee enterprises towards successful business growth and expansion. While access to capital is a necessary condition for business growth and expansion, it is not by itself sufficient. Entrepreneurs also need access to high quality Business Development & Management Support, particularly in the areas of improving business administration (policies, procedures, internal controls) and financial management systems. Business Development Support is essential for business growth, and hence for building successful businesses.
This Technical Assistance support directly benefits organizations through marked business performance improvement in the short, medium and long term.