The Huruma Fund strategy focuses on contributing to improve the quality of life of farmers in Latin America, the Caribbean, sub-Saharan Africa and Asia, increasing their revenue and reducing poverty. 80% of people in extreme poverty live in rural areas and over 75% of the rural population that is economically active living in extreme poverty, work in agriculture**. In addition, the great majority are in a “vicious cycle of poverty” due to the lack of resources and financial exclusion.
Huruma is a project launched by GAWA Capital in association with the AECID (Spanish Agency for International Development Cooperation) through FONPRODE and COFIDES, with the support of the European Union. It is the first European Social Entrepreneurship Fund (EuSEF) in Spain, with a scale of 120 million euros.
** Source: FAO