Seeding Prosperity: TechnoServe’s 2024 Annual Report
TechnoServe’s 2024 annual report, "Seeding Prosperity," takes a closer look at the exceptional impact our clients achieved and shares the inspiring stories behind these record-breaking numbers.
In 2024, TechnoServe’s work helped farmers and entrepreneurs across the globe earn an additional $491 million in revenue and positively impacted the lives of 3.1 million people.
Read the TechnoServe annual report
Record-Breaking Results in 2024
TechnoServe’s approach of providing business solutions to poverty continues to demonstrate remarkable effectiveness. The 2024 annual report reveals that our projects helped:
- Generate $491 million in financial benefits for our clients—the highest ever recorded
- Reach 1.2 million beneficiaries—also a record high
- Create or strengthen 73,000 jobs
- Mitigate 126,000 tons of CO₂e emissions
- Place 189,000 hectares of land under regenerative management
Forty-two percent of TechnoServe’s beneficiaries were women, reflecting our commitment to increasing women’s economic empowerment globally. Programs also delivered an impressive return on investment, with clients experiencing an average revenue increase of $7.60 for every $1 invested in TechnoServe programs.
Stories of Transformation
Behind these impressive numbers are real people whose lives have been fundamentally changed. The annual report highlights several inspiring stories:
Jacqueline Castillo: Learning with Hands in the Soil
In Tomatlán, Mexico, Jacqueline Castillo transformed from a teacher and administrative assistant to the president of Uelitini Tonatiuteotl, a thriving agribusiness. Through the Pequeño Productor Program, implemented by TechnoServe and funded by Walmart Mexico Foundation. Jacqueline and her fellow farmers formalized their business and saw extraordinary growth—increasing sales to Walmart Mexico by 1,400% over four years. Today, their operation includes 17 core producers, with another 105 growers supplying produce, generating 256 jobs annually.
“I started from nothing, learning with my hands in the soil,” Jacqueline reflected. “Now, I see what we’ve built. This business has changed my life, my family’s life, and the lives of so many others.”
Tanmay Pandya: Scaling a Sustainable Solution
In India, engineer and entrepreneur Tanmay Pandya founded Brisil Technologies to tackle two environmental challenges simultaneously: safely disposing of rice husk ash while providing a sustainable alternative to traditional silica production. With support from TechnoServe’s Greenr program—a partnership with the IKEA Foundation and Visa Foundation—Brisil Technologies increased its monthly revenue tenfold between April 2023 and August 2024, created 30 permanent jobs, and hired 35 contract employees.
The company now prevents more than 25,000 tons of rice husk ash from being dumped annually, significantly improving air quality for families across western India.
Lubaba Mekonnen: A Decade of Growth
Ten years after participating in TechnoServe’s Coffee Initiative in Ethiopia, Lubaba Mekonnen’s story illustrates the long-term impact of business training. What began as learning to manage a one-hectare coffee farm as a single mother has evolved into a diversified business empire. Lubaba has increased her coffee income by 200%, established a retail shop, launched a beekeeping operation, developed a eucalyptus plantation, and purchased land for rental properties.
Most importantly, her success has created opportunities for the next generation—funding her son’s university accounting studies and her daughter’s planned medical science education in a country where only 6% of the population holds a college degree.
“Coffee is the basis of my life,” Lubaba shared. “Coffee raised and has taught my children and made me lead a happy life.”
Expanding Environmental Impact
The 2024 report shows significant progress in TechnoServe’s commitment to regenerative practices. Building on the environmental indicators introduced last year, the organization has:
- More than doubled the CO₂e emissions mitigated from 60,000 tons in 2023 to 126,000 tons in 2024
- Increased land under regenerative management from 140,000 hectares to 189,000 hectares
These environmental metrics now cover 23% of active projects, with most agriculture projects expected to report by 2026.
Join the Mission
Our 2024 annual report showcases the collaborative efforts of TechnoServe staff, partners, donors, and, most importantly, the hardworking entrepreneurs and farmers we support every day. We invite you to explore the full report and join us in seeding prosperity for hardworking people around the world.
