Overview
What is Aceli Africa Inc?
Aceli Africa Inc is a nonprofit organization based in Washington, D.C., with a mission to promote inclusive agricultural development in East Africa. They aim to unlock $600 million in private sector lending for small and medium-sized enterprises (SMEs) in agriculture by 2025. Since its inception, Aceli has facilitated 724 loans totaling $85 million across Kenya, Rwanda, Tanzania, and Uganda, benefiting 517,000 smallholder farmers and employing 16,000 full-time workers. The organization incentivizes lending to underserved market segments and has established partnerships with commercial banks and financial institutions in East Africa. In addition to lending, Aceli provides technical assistance to early-stage agricultural SMEs through a program that offers webinars, peer-learning networks, and individualized coaching. They also offer specialized technical assistance for growth-stage SMEs with specific barriers to financing, partnering with providers across their four focus countries.
Official website here: www.aceliafrica.org
Is Aceli Africa Inc legitimate?
Aceli Africa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aceli Africa Inc 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aceliafrica.org
What is the mission statement of Aceli Africa Inc?
Aceli Africa Inc was established with the mission to bridge the finance gap and unlock the growth potential of agricultural small and medium-sized enterprises (SMEs) in Africa. This is achieved by incentivizing incremental lending to the least served and most impactful segments of the market. The organization aims to unlock $600 million in private sector lending for inclusive agricultural SMEs in East Africa by 2025. By providing access to lending, agricultural SMEs can improve the productivity and market access of smallholder farmers and create jobs across the value chain. In the first 28 months of operations, Aceli registered 724 loans totaling $85 million with 27 lenders across Kenya, Rwanda, Tanzania, and Uganda. These loans have benefited 517,000 smallholder farmers and employed 16,000 full-time workers. Aceli offers a technical assistance program for early-stage agricultural SMEs with basic needs in business and financial management, and has developed and launched a TA offering for growth-stage SMEs to address specific barriers.
Official website here: www.aceliafrica.org
Who is the CEO of Aceli Africa Inc?
Elizabeth Vanderwoude is the Board Director, Ceo Of Gdi of Aceli Africa Inc. The CEO's salary of Aceli Africa Inc is $0 and their total compensation is $221,430.
Official website here: www.aceliafrica.org
What is the revenue of Aceli Africa Inc?
Who are the executives of Aceli Africa Inc and what are their salaries?
- Andrew Stern (Board Director, Ceo Of Gdi)
- Brian Milder (Founder, Ceo)
- Elizabeth Vanderwoude (Cfo/Treasurer)
- Tom Carroll (Secretary) [Trustee/Director]
- Sewit Ahderom (Board Director)
- Titianne Donde (Board Director)
- Gretchen Phillips (Board Director)
Official website here: www.aceliafrica.org
Where can I find the form 990 for Aceli Africa Inc?
The Aceli Africa Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.aceliafrica.org
Learn more at the official website: www.aceliafrica.org
Mission Statement of Aceli Africa Inc
Aceli Africa Inc, an organization dedicated to promoting incremental lending, was established with the mission to bridge the finance gap and unlock the growth potential of agricultural small and medium-sized enterprises (SMEs) in Africa. By incentivizing lending to the least served and most impactful market segments, Aceli Africa aims to unlock $600 million in private sector lending for inclusive agricultural SMEs in East Africa by 2025. These loans can significantly improve the productivity and market access of smallholder farmers, creating job opportunities across the entire value chain.
In the first 28 months of operation (September 2020 to December 2022), Aceli Africa registered 724 loans totaling $85 million with 27 lenders across Kenya, Rwanda, Tanzania, and Uganda. These loans have enabled 517,000 smallholder farmers to access markets and employed 16,000 full-time workers. Notably, 52% of these loans were extended to new borrowers, and 59% qualified for various impact bonuses related to gender inclusion, food security, and climate-smart agriculture. Aceli Africa's commitment to its mission is evident in the legal agreements signed with 30 lenders and ongoing negotiations with 10 more, with two-thirds of the accredited lenders being commercial banks or non-bank financial institutions domiciled in East Africa.
Impact
This information is meant to be a general summary of Aceli Africa Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Aceli Africa Inc's impact can be seen in its efforts to unlock private sector lending for inclusive agricultural SMEs in East Africa. By facilitating access to financing, Aceli is enabling these enterprises to drive improvements in the productivity and market access of smallholders while creating jobs across the value chain. In the first 28 months of its operations, Aceli registered 724 loans totaling $85 million with 27 lenders across Kenya, Rwanda, Tanzania, and Uganda. These loans are benefiting 517,000 smallholder farmers and employing 16,000 full-time workers.
A notable aspect of Aceli's impact is its focus on reaching new borrowers and promoting gender inclusion, food security, and climate smart agriculture. Around 52% of the loans are to new borrowers, 59% qualify for the gender inclusion impact bonus, 59% for the food security impact bonus, and 20% for the climate smart and resilient agriculture impact bonus.
Furthermore, Aceli is committed to increasing the capacity of agricultural SMEs to access and manage finance through technical assistance programs. By partnering with organizations like Africa Management Institute and TechnoServe, Aceli is providing tailored support to early-stage and growth-stage agricultural SMEs, helping them overcome operational barriers and improve their managerial capacity.
Overall, Aceli Africa Inc's impact is evident in its contributions to unlocking private sector lending, creating opportunities for smallholder farmers, promoting inclusive growth, and fostering sustainable agricultural practices in East Africa.
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:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$280,426
Organization Details
Founding Year
2019
Phone
(202) 987-7700
Principal Officer
Elizabeth Vanderwoude
Main Address
1401 K STREET NW 900, WASHINGTON, DC, 20005
Website
www.aceliafrica.org
NTEE Category
Code: Q32 - International
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