Acumen Fund's Community

Acumen Fund's Community

The Challenge

* Roughly 100 million smallholder farmers in India live on less than $1 a day and 500 million are part of small farmer families. This represents more than 30% of the world's extreme poor.

* Modern irrigation technologies have catered to large farmers with fields of four hectares or larger, with no affordable solution for small farmers.

* India is a water-scarce country, accounting for 16% of the world's human population but less than 4% of the world's water resources. The share of water available for agriculture is declining fast and small landholders are the first to be affected by these water shortages.

The Innovation

* Building on more than 20 years of innovation, the promoters of GEWP have approached product design by placing smallholder farmers at the core of the design process from the outset, ensuring affordability and applicability.

* KB Drip is a product offered by GEWP. Low-cost drip irrigation saving both water and money yielding substantial increases in harvests.

* GEWP's distribution strategy leverages market forces by relying on existing small-scale manufacturers and a network of private local dealers to reach its target customers in rural India.

The Impact

* Recent studies have shown that GEWP's products raise the income of its small-scale farming customers by an average of $400/year. This is done through water savings (30-50%), energy savings (50%) and increased crop yields (30-70%).

* In 2003 Acumen Fund invested in GEWP's parent organization, International Development Enterprises - India (IDEI). During the term of Acumen Fund's investment, IDEI sold more than 125,132 units in six Indian states, directly impacting the lives of 650,686 people.

* Acumen is the first equity investor in GEWP. Since Acumens investment in early 2008, GEWP has reached an additional 35,000 smallholder famers, representing more than 184,000 individuals impacted.

Rating: 0/5 stars
Tags: acumen, agriculture, alleviation, base, bop, More…bottom, development, drip, economic, enterprise, entrepreneurship, farmers, food, fund, gewp, ide, idei, india, international, irrigation, kb, poverty, pyramid, security, social, water
Views: 122
Location: Aurangabad, India (Show Map)

Comment

You need to be a member of Acumen Fund's Community to add comments!

Join Acumen Fund's Community

Search AcumenFund



Blue Sweater in Kibera

Latest Activity

This is a group for all South Asian community members and for anyone else who may be interested, to exchange ideas on engaging South Asians more in Acumen Fund's work - especially diaspora community members. Looking forward to the discussions!
1 hour ago
For all of those on the community website that are interested in Global Health and Enterprise.
1 hour ago
Noor Aftab added a discussion
Today we organized the teacher's convention in Islamabad. It was the 7th session in the series but the first time, a foundation was laid for clusters in education where the purpose was to introduce innovation in the education sector.   Of the 100 me…
3 hours ago
Connecting like-minded individuals in the Toronto area supporting Acumen's mission and the Social VC movement as a way to overcome global poverty. Let's turn this into an official chapter!
13 hours ago

© 2010   Created by Jo-Ann Tan.   Powered by .

Badges  |  Report an Issue  |  Terms of Service

Sign in to chat!