Myagro Farms
NEW YORK, NY
Total revenue
$6.0M
Total expenses
$28.4M
Net assets
$32.7M
Grants received
$25.3M
70 grants
EIN
455267449
Tax year
2024
Mission
Myagro's unique mobile layaway platform allows farmers to use their mobile phones to purchase seeds and fertilizer in small increments and provides agricultural training to farmers who invested in myagro packages, sharing harvest-improving agricultural techniques.
Programs
2 programs
Research, development, & evaluation: myagro focuses on data-driven self-reflection and organizational improvement to better understand the challenges faced by rural communities and to deliver value to farmers. In addition to core product delivery and training services offered each agricultural season, myagro innovates with farmers to develop new solutions that address barriers to agricultural success such as climate shock and gender inequity. We also conduct harvest evaluations to better understand program impact, focusing on two key indicators, (1) percent increase in yield and (2) additional net income earned among myagro farmers relative to control farmers. Since 2018, the program has resulted in an average 130% yield increase and $156 additional income earned per farmer. For households living on less than $2 per day, these results have transformative effects: improving family food security, covering school and medical fees, and enabling farmers to reinvest to further diversify and increase their income. There were approximately 44,000 research and development participants during the calendar year 2024.
Farmer product & service delivery: myagro has built a scalable and replicable model that served low-income, rural customers at the last mile. Myagro recruits and trains women entrepreneurs from within villages, who then market and sell climate-smart agricultural packages to local farmers using our custom mobile application. Farmers are then able to make small layaway payments over time to purchase packages of seeds and fertilizer, tree seedlings, and poultry which are delivered within 10 km. By combining offline customer service with mobile technology, myagro overcomes two key barriers to building sustainable financial tools for farmers: customer trust and client density. Myagro operates in mali, senegal, and cte d'ivoire, where the majority of the population works in agriculture. Only 20% of households in africa have formal bank accounts (world bank), and 87% of farmers surveyed in 2023 had no prior access to a similar service like myagro's. Our target audience is smallholder farmers living on less than $2 per day, and 70% of our customers are women. Myagro served approximately 360,000 farmers during the calendar year 2024.
Financials
FY 2024
Revenue
Expenses
People
20 listed
ANUSHKA RATNAYAKE
ceo & FOUNDER (see schedule o)
$289K
40 hrs/wk
SIDDHANTA WIESNER
CHIEF TECHNOLOGY OFFICER
$213K
40 hrs/wk
SHON MORRIS
CHIEF TALENT OFFICER
$178K
40 hrs/wk
CASEY CLINE
INTERIM CEO (see sch. o) & MANAGING DIR., US
$133K
40 hrs/wk
ERIN MOORE
CHIEF OF STAFF (THRU 6/20/24)
$98K
40 hrs/wk
ROMAN Hingorani
CHIEF FINANCIAL OFFICER (THRU 1/12/24)
$24K
40 hrs/wk
RAJI KALRA
CONTRACTED CFO (SEE SCHEDULE O)
—
40 hrs/wk
OUSSEYNOU NAKOULIMA
DIRECTOR
—
2 hrs/wk
MAMADOU BITEYE
DIRECTOR
—
2 hrs/wk
FARRAH BARRIOS
DIRECTOR
—
2 hrs/wk
EVAN MARWELL
DIRECTOR
—
2 hrs/wk
RAMATOULAYE DIALLO
DIRECTOR
—
2 hrs/wk
DIDO HARDING
CHAIRMAN
—
2 hrs/wk
RANDI HEDIN
DIRECTOR
—
2 hrs/wk
RICH LEIMSIDER
DIRECTOR
—
2 hrs/wk
PATRICK TOGNISSO
CHIEF OPERATING OFFICER
—
0DOUGLAS BRADBURY
DIRECTOR OF SOFTWARE ENGINEERING
$187K
40 hrs/wk
LI-HSUAN LUNG
ENGINEERING LEAD
$163K
40 hrs/wk
STEPHANIE KABORE
DIRECTOR OF FINANCE (THRU 11/7/24)
$136K
40 hrs/wk
GRANT ADAMS
SOFTWARE ENGINEER
$128K
40 hrs/wk
Independent contractors
PROCFO PARTNERS LLC
FRACTIONAL CFO SERVICES
IDINSIGHT INC
M&E CONSULTING
BDO USA
AUDIT & TAX
EGON ZEHNDER SAS
EXECUTIVE SEARCH & RECRUITMENT
Grants received
Showing 70 of 70
Funded by
$25.3M from 31 funders · 70 grants · 2017–2024
$12.2M · 6 grants · 2019–2023
$3.0M · 4 grants · 2020–2024
$2.3M · 4 grants · 2020–2023
$1.8M · 3 grants · 2022–2024
$1.3M · 3 grants · 2021–2023
$1.1M · 5 grants · 2020–2024
$800K · 3 grants · 2021–2023
$400K · 2 grants · 2022–2023