Root Capital Timeline
Root Capital, a nonprofit social investment fund, has more than 10 years of experience in impact investing and specializes in agricultural lending. Explore our history.
William (“Willy”) Fulbright Foote founds Root Capital, seeking to bring financing to rural small and growing businesses.
Root Capital incubates as Ecologic Finance, a subsidiary of the Ecologic Development Fund.
Root Capital continues testing agricultural value chain finance. We disburse $855,000 to nine clients in Costa Rica, Guatemala, Mexico and Panama.
Starbucks becomes the first company to provide guarantees for Root Capital loans.
Root Capital issues our first fixed-asset loan to Rainforest Trading Company / Precox, a coffee enterprise, in Mexico.
Root Capital disburses our first loan in South America to La Florida, a Peruvian coffee cooperative.
Root Capital co-founds the Finance Alliance for Sustainable Trade (FAST), an industry alliance that enables greater producer access to credit and related financial risk management tools. FAST officially launches operations in 2007.
First financial training initiative launches in Mexico and Central America.
Root Capital becomes a registered 501 (c)(3) and our name officially changes from EcoLogic Finance to Root Capital.
Root Capital hires our first loan officer in South America.
Willy Foote wins an Ashoka Global Fellowship, an award given to emerging social entrepreneurs.
Root Capital reaches $100 million in cumulative loan disbursements to small and growing businesses.
Root Capital disburses our first loan in the fruits and vegetables sector to Terrafertil, a dried fruits enterprise in Ecuador.
Root Capital hires our first loan officer in Africa.
Willy Foote receives the 2008 Social Innovation Award from the Social Venture Network (SVN).
Root Capital is the first recipient of the Bill & Melinda Gates Foundation’s program-related investment (PRI) from its Agricultural Development initiative.
Root Capital is a founding member of the Apsen Network of Development Entrepreneurs (ANDE).
Root Capital receives the 2009 Financial Times and IFC Sustainable Banking Award for Achievement in Banking at the Bottom of the Pyramid. The award recognizes ground-breaking financial transactions and initiatives that address the bottom or base of the financial pyramid.
Managed by the Global Impact Investing Network (GIIN), the Impact Reporting and Investment Standards (IRIS) initiative is a catalog of terms and definitions that can be used to describe the social, environmental, and financial performance of an organization. Root Capital is an original member of the IRIS Taxonomy Committee responsible for defining these standards, as well as a member of the Agriculture Working Group.
Root Capital is named a Global Impact Investment Rating System (GIIRS) Pioneer Fund. These funds are leading private equity and venture capital funds that make impact investments in companies in both developed economies and throughout emerging markets.
Root Capital is among 14 organizations chosen for having the best models to catalyze finance for small and medium-sized enterprises at the the G-20 SME Finance Challenge.
The Overseas Private Investment Corporation (OPIC) invests $10 million in Root Capital.
Root Capital is funded by the Skoll Foundation and the Citi Foundation for inclusion in The Talent Initiative, a program to help high-impact non-profits hire, develop and retain the best talent.
First all-staff retreat brings 85 staff members representing 19 countries to Thompson Island, MA.
Root Capital is recognized as one of the Top 100 Best NGOs by The Global Journal, a publication that covers the issues and players shaping global governance.