Libra Association adds nonprofit aimed at ending world hunger as latest member

Quick Take

  • Heifer International, a nonprofit organization whose mission is to end world hunger and poverty, has become the 23rd member of the Libra Association
  • The group believes Libra can help poor farmers around the world access credit

Heifer International, a nonprofit organization focused on global hunger and poverty issues, has joined the Libra Association, citing the project's potential to help poor farmers access credit.

Less than 10 percent of "small-scale farmers" around the world have access to reliable credit, says the organization, referring to a statistic from the United Nations.

"We believe the Libra project has the potential to deliver a lower-cost, more accessible and more connected global financial system," Heifer's CEO Pierre Ferrari wrote in a blog post that announced the news.

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The addition of Heifer brings the total number of members in the Libra Association to twenty-three. In February, e-commerce firm Shopify and crypto brokerage firm Tagomi joined, seemingly giving the project new life after backlash from policymakers and a rash of high-profile departures had cast doubt on its future.

Last week, the Libra Association