International Development Grant

Rural Entrepreneurship for Women in Agricultural Rural Development

Project Number: CA-3-P009593001

Status: Operational

Country/Region:

Colombia 100.00%

Maximum Contribution: $3,100,000.00

Start Date: January 24, 2023

End Date: March 31, 2027

Duration: 4.2 years

Project Description

This project seeks to improve the livelihoods and economic well-being particularly for rural women and local leaders in some of Colombia`s most fragile rural areas. Project activities include: (1) investing growth capital provided by the private sector to rural businesses particularly women-led businesses; (2) training women champions in targeted rural areas on leadership skills (Fellows Program) to transform rural leaders into active agents of change; and (3) adapting non-traditional financial investment instruments structured to support targeted rural businesses with gender considerations and technical assistance needs including identifying lessons learned.

Expected Results

The expected outcomes of this project include: (1) increased viability of rural businesses particularly women-led businesses in targeted areas of Colombia; (2) increased decision-making and influence by women entrepreneurs and leaders in rural business and community-led organizations in targeted areas fostering population to build socio-economic environments conducive to economic and social well-being; and (3) effective financial investment instruments enhanced for rural businesses particularly women-led businesses in targeted areas of Colombia.

Progress & Results Achieved

Results achieved as of March 2024 include: (1) generated a pipeline of women-owned or women led entrepreneurships targeting rural communities and grassroots associations of small holder farmers including in conflict affected areas; (2) the project’s first investment enabled financial institutions to offer better and faster loans to 5 257 rural people (37% women). It provided technical assistance to enhance entrepreneurial capacity using CAD $570k as the first co-financing; (3) selected 26 diverse leaders (50% women) for a 1-year leadership training to enhance their skills through the 2023 Fellowship Programme cohort; and (4) tested investment mechanisms and documented lessons to enhance knowledge on rural financial investments.

Key Information

Executing Agency:
Acumen Fund Inc.

Reporting Organization:
Global Affairs Canada

Program:
NGM Americas

Last Modified:
September 19, 2025

Development Classifications

DAC Sector:

Basic life skills for youth and adults 20%
Advanced technical and managerial training 20%
Agricultural development 30%
Agricultural financial services 30%

Aid Type: Project-type interventions

Collaboration: Bilateral

Finance Type: Aid grant excluding debt reorganisation

Selection Mechanism:
Department-Initiated

Policy Markers
Level 1 Gender equality
Level 2 Participatory development and good governance
Major Funding (>$1M)
Budget Breakdown
2021-04-01 to 2022-03-31 $3,100,000 CAD
Geographic Information
000
Project Number: CA-3-P009593001