Grassroots Innovation Company (GIC) organizes farmers into cooperatives and provides technical assistance, financing and market access assistance.
|Investee||Grassroots Innovation Company (GIC), founded 2009|
|Funding type||Convertible loan|
In Thailand, 51% of the total population of 69 million is involved in agriculture. Most of these farmers are small-scale private farmers. They represent the lowest quintile of income level in Thailand. Price fluctuations of imported agro input materials, bargaining power of large farming corporation, and poor farming techniques keep these farmers in a cycle of debt and dependence.
GIC creates positive impact on two levels:
GIC contributes to:
|# of total people impacted||10'000||10'000|
|# of farming households||2500||2500|
|# of tons of organic fertilizer sold||99||160|
|# of tons of organic fertilizer sold||4||4|