Overview
What is Myagro Farms?
Myagro Farms is a nonprofit organization dedicated to empowering smallholder farmers in Western Africa, primarily in Mali, Senegal, and Tanzania, to break free from poverty. With a focus on rural, remote communities where approximately 75% of the population relies on agriculture, Myagro targets farmers living on less than $2 a day, with a significant proportion being women. The organization's unique mobile layaway platform enables farmers to purchase essential seeds and fertilizer in smaller installments using their mobile phones, catering to the challenges of customer trust and client density in these areas. Myagro's mission encompasses delivering high-quality agricultural inputs at the right time for planting seasons and providing agricultural trainings that promote yield-improving techniques. With a workforce of 31 employees, the organization has enrolled approximately 115,000 farmers during calendar year 2022.
Official website here: www.myagro.org
Is Myagro Farms legitimate?
Myagro Farms is a legitimate nonprofit organization registered as a 501(c)(3) entity. Myagro Farms submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $836,059
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,465,229
For more financial information, click here
Official website here: www.myagro.org
What is the mission statement of Myagro Farms?
Myagro Farms aims to help smallholder farmers in Western Africa rise above poverty. By 2026, they strive to boost the income of one million farmers by an average of $1.50 per day. Driven by their innovative mobile layaway platform, they deliver high-quality seeds and fertilizers right to farmers before planting seasons. Agricultural training is also provided, focusing on techniques to improve crop harvests.
Official website here: www.myagro.org
Who is the CEO of Myagro Farms?
Anushka Ratnayake is the Ceo & Founder of Myagro Farms. The CEO's salary of Myagro Farms is $209,945 and their total compensation is $209,945.
Official website here: www.myagro.org
What is the revenue of Myagro Farms?
Who are the executives of Myagro Farms and what are their salaries?
The average compensation at Myagro Farms during 2022 was $138,751. There are 31 employees and 5 volunteers at Myagro Farms.
Here are 15 key members and their salaries (Myagro Farms's CEO's salary is $209,945 and their total compensation is $209,945):
- Siddhanta Wiesner (Chief Technology Officer)
- Anushka Ratnayake (Ceo & Founder) [Trustee/Director]
- Shon Morris (Vp Of People Operations)
- Kira Ebert Thru 1222 (Dir. Of Development)
- Ryan Denholm Eff 322 (Vp Finance & Strategy)
- Roman Hingorani Eff 522 (Chief Financial Officer)
- Neil Goldenberg (Global Controller)
- Stephanie Kabore (Dir. Of Finance)
- Erin Moore See Sch O (Chief Of Staff (Eff. 2/22))
- Mike Durney See Sch O (Interim Cfo (Thru 8/22))
- Evan Marwell (Chairman) [Trustee/Director]
- Farrah Barrios (Director)
- Mamadou Biteye (Director)
- Dido Harding (Director)
- Rich Leimsider (Director)
Official website here: www.myagro.org
Where can I find the form 990 for Myagro Farms?
The Myagro Farms’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.myagro.org
Learn more at the official website: www.myagro.org
Mission Statement of Myagro Farms
Myagro Farms, a mission-driven organization, aims to uplift smallholder farmers in Western Africa from poverty. By 2026, the initiative aspires to enhance the income of one million farmers by $1.50 a day. Myagro Farms achieves this goal through its innovative mobile layaway platform, which empowers farmers to purchase essential seeds and fertilizer in small increments using their mobile phones.
At the heart of Myagro Farms' approach is the belief that timely access to quality agricultural inputs is crucial for farmers to thrive. Myagro Farms' mobile layaway platform bridges the gap between farmers and suppliers, ensuring that farmers have access to the necessary resources in time for the planting season. The organization's dedication to delivering high-quality inputs directly to farmers is a significant step towards improving their livelihoods.
Beyond providing farmers with essential resources, Myagro Farms recognizes the importance of knowledge in boosting agricultural productivity. The organization offers agricultural trainings, imparting harvest-improving techniques to farmers. Myagro Farms' commitment to empowering smallholder farmers in Western Africa extends beyond mere financial gains, as it aims to help them transform their farms and ultimately, their lives.
Impact
This information is meant to be a general summary of Myagro Farms. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Myagro Farms is making a significant impact by leveraging innovative technology and sustainable practices to empower smallholder farmers in Western Africa. Through their unique mobile layaway platform, farmers can conveniently purchase seeds and fertilizer in small increments using their mobile phones, making agricultural inputs more accessible to those living on less than $2 a day.
Additionally, Myagro's Field & Farmers Programs have successfully covered nearly 40% of field costs and are on track to cover 100%. By equipping local entrepreneurs with smartphones to market agricultural packages and serve as payment points for farmers, Myagro has overcome barriers such as customer trust and client density. Leveraging saving groups and distribution channels, Myagro reaches farmers in rural, remote villages, where access to formal banking services is limited.
With operations in Mali, Senegal, and Tanzania, Myagro aims to increase the incomes of 1 million smallholder farmers by $1.50 a day by 2026. Their focus on women farmers, who make up 60% of their customer base, is particularly impactful. Overall, Myagro's efforts are contributing to poverty alleviation and sustainable economic growth within the agricultural sector, positively impacting the lives of smallholder farmers in the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2012
Phone
(503) 313-6371
Principal Officer
Anushka Ratnayake
Main Address
131 7th Avenue 160, NEW YORK, NY, 10011
Website
www.myagro.org
NTEE Category
Code: K20 - Food
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