Ankit Grover
/Location / Country: Zimbabwe
Organization: TechnoServe
GROVER: "It is often said, “You can have it all. Just not all at once.”
My summer experience as a Blakeley Fellow working with TechnoServe and the African Agriculture Fund (AAF) was nothing less than a “have-it-all-at-once” opportunity. In my ten weeks in Zimbabwe, I was afforded the chance to delve deep into each of my interest areas – small and medium enterprise development, private equity, business strategy and impact investing. ”
__
About TechnoServe and TAF
“TechnoServe, whose mission is to find business solutions to poverty by connecting farmers to financial markets, recruits Fellows (or Volunteer Consultants) to work on short-term assignments in developing countries with high impact opportunities. As a Fellow, I was drafted to work with AAF’s Technical Assistance Facility (TAF) (managed by TechnoServe) in preparing a business plan, market strategy and financial projections for a Zimbabwean agribusiness company in the sesame crop value chain. TAF supports AAF’s portfolio companies in improving linkages between smallholder farmers (SHFs) and the companies, to increase local household incomes and enhance food security in communities where the Fund invests. This lays the foundation for sustainable long-term growth and developmental impact for both the portfolio partner and the community it benefits. “
__
The Experience:
“It is one thing to study value chains and another to actually start from the base of the pyramid and follow the trail of the grain. A thorough analysis of the sesame business required engagement with SHFs on the ground, away from the hustle and bustle of Harare. In late July, I had the opportunity to travel to one of the remotest and most water-stressed villages in Zimbabwe, some hundred miles from the capital. I had the chance to study first- hand the various predicaments from the farmers, as well as brainstorm some quick-fix solutions for their problems. My education in agronomy came full circle when I could finally validate and tie the smallholders’ income statements to the financial model I was preparing.“
__
Conclusion
“My biggest takeaway from my fellowship is to never discount the power of the value chain. It is what drives synergies in achieving developmental impact, and without it, no business can remain sustainable in the long term. I'm grateful to the Blakeley Foundation for affording me this opportunity and look forward to helping the Foundation accomplish its objectives in the future.”