Free Access To Email Exclusive ContentGet notified and be the first to know when new & hot content drops
HomeGrants & ProgrammesA Call for Proposals for the Impact Finance for Global Value Chain...

A Call for Proposals for the Impact Finance for Global Value Chain to support SMEs in the Commodity Sector 2024

Date:

A Call for Proposals for the Impact Finance for Global Value Chain to Support SMEs in the Commodity Sector 2024. The Common Fund for Commodities (CFC) is now accepting applications to financial support qualifying projects on the commodity value chains from SMEs/other businesses to alleviate poverty.

Smallholder farmers in developing countries who struggle to add value to what they produce are who the CFC seeks. The SMEs, while sourcing from the smallholders, may address the gaps that smallholders experience in finance, knowledge, and information, thereby localizing the development to alleviate poverty.

The Common Fund for Commodities intends to contribute to poverty alleviation by strengthening the income-generating capacity of commodity producers and managing any vulnerability to their economic well-being. The Impact Finance for Global Value Chain will strengthen and diversify the commodity sector in developing countries and transform it into sustainable economic growth and development.

Eligibility and Requirements for the Impact Finance for Global Value Chain

Participants must meet the following:

  • Participant’s projects must be based in one of the CFC Member Countries and should intend to contribute to the Sustainable Development Goals.
  • Successful participants will demonstrate clear and visible potential to achieve a sustainable positive impact on the poorest people who depend on commodities.
  • Participants must have quality project proposals from LDCs (Least Developed Countries), LLDCs (Landlocked Developing Countries), and SIDs (Small Island Developing States) that will be given priority to alleviate more people from poverty.
  • Participants with innovative solutions for the commodity sector like Agritech, Agroforestry, and Agroecology proposing innovative solutions for the commodity sector.
  • Participants should clearly show operational and financial viability and be economically, socially, and environmentally sustainable.
  • Women entrepreneurs are especially encouraged to apply.
See also  Apply now for the BRAIN Program for African Deeptech Startups ($50K).

What You Stand to Gain from the Impact Finance for Global Value Chain

Selected participants will receive financing in the form of loans for capital expenditures, working capital, or trade finance.

Application Process

The application deadline is the 1st of April 2024.

For more information, visit the official webpage of the Common Fund for Commodities.

Free Access To Email Exclusive ContentGet notified and be the first to know when new & hot content drops

Trending

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recommended for you