As of December 31, 2014, Livelihoods fund manages seven projects, since the Novacel project was discontinued following a decision by the Livelihoods fund’s Board of Directors on May 28, 2013. The first four projects initiated by Danone and subsequently transferred to the fund in December 2011. Three additional projects were launched by the fund in 2012 and 2013: the Hifadhi project in Kenya, the Fundaeco project in Guatemala and the Tiipaalga project in Burkina Faso.