Innovative cross-sector partnerships are essential to building scalable and sustainable impact. We are especially proud this year of the Maragra project in Mozambique that brings together the European Union (EU), a leading financial institution and government of Mozambique, as well as Shared Interest and its field partner, Thembani. This recently issued guarantee is a prominent example of the significant impact of your investment dollars. Maragra Smallholder Sugarcane Development Project (Maragra) works with a cooperative comprised of thirty agricultural associations in and around the Manhiça community, about 80km north of Maputo, Mozambique. Shared Interest's $3mm guarantee unlocked a $4mm loan from Standard Bank Mozambique and was coupled with an earlier $2.7mm grant from the European Union. This groundbreaking collaboration benefits 2,500 farmers - more than half of them women - from five communities, and will create a projected 20,000 jobs in the area. It will improve the lives of vulnerable rural farmers by enhancing their families' and communities' opportunities, sustainability, and ability to attract local investment.
I'm busy working on my blog posts. Watch this space!