AgriFI Kenya Challenge Fund is implemented by Self Help Africa with technical support from Imani Development Limited. The European Union initiative targets 50 Agri –enterprises in 2 windows. NB: Competition window closed on 20th November 2019
€746,700,000
Economic Drivers/Viability: Business model fit and growth prospect (i.e. profit, turnover, cash flow, efficiency and market potential) and the business capacity (i.e. governance, financial and risk management)
Social impact: Inclusion of smallholder farmers, pastoralists, job creation, influence on food security and improved nutrition, gender and youth inclusion, and inclusion of arid areas.
Environmental impact: Inclusion of climate smart approaches at farm and enterprise level
Additionality and level of leverage.
A minimum 50% match fund required –own sources or external equity investment
The ABC Fund is a blended-finance impact fund which provides catalytic financing to underserved yet profitable segments of agribusiness value chains in developing countries. The Fund is managed by Bamboo Capital Partners together with Injaro Investments as advisor and lead for direct lending in Africa. Agriterra manages the Technical Assistance Facility. The ABC Fund was initiated by the International Fund for Agricultural Development in partnership and with funding from the European Union, the African, Caribbean and Pacific Group of States, the Luxembourg Government and the Alliance for a Green Revolution in Africa.
€746,700,000
Funding to legally registered SME, cooperatives or farmers’ organizations
Provides loans to organisations active in financial inclusion, agriculture and renewable energy in Africa, Asia and Latin America. Oiko works with partner organisations aiming to contribute to improving the lives of low-income people and communities.
€74,670,000
Oiko seeks partners that:
Create jobs and income for disadvantaged groups
Are cooperatives, financial institutions or small to medium enterprises
Have women in influential positions such as in management
Are environmentally sustainable and respect animal welfare
Have suitable management in place and are (or can soon become) financially sustainable
Provides equity and (subordinated) debt to scalable enterprise in the sustainable food value chain in Asia, Africa or Latin America. (Catalysing early-stage enterprises)
€4,883,418
Profitability or a clear quantifiable path towards profitability
Proof of concept around the business model
Annual revenue generation of more than EUR 500,000 • Social and environmental mission embedded throughout the organisation
Experienced entrepreneur with proven ability to execute
Complete or plan for completing management team
Basic organisation structure and governance in place
Online application for Sustainable Food & Agriculture Financing
Accion Venture Lab provides capital and extensive support to innovative, scalable fintech startups that improve the reach, quality, and affordability of financial services for the underserved.
€4,883,418
Mobile phone–based financial services or business models built on mobile payment platforms;
Specialized credit assessment or delivery models (e.g., underwriting/credit scoring approaches, housing, education, small and medium enterprise finance, energy);
Online or social media platforms for enabling financial access (e.g., peer-to-peer, social media);
Pay-as-you-go, collaborative consumption, and other “embedded” financial service models (e.g., micro-leasing, rent-to-own, modular housing); and
New products (e.g., savings, remittances/payments, microinsurance, and credit) for people living in poverty.
Supports high-potential innovative agribusinesses, value chains, investors and scalable business models to stimulate equitable agro-based economic growth in Africa. We specialize in scouting, grooming, and scaling commercially viable Small and Growing
Agribusinesses (SGB) and agricultural innovations/ technologies in Africa and link them to capital and market.
€4,106,850
Agribusiness and Agro-processing.
Light Manufacturing - Food processing and value-addition.
Renewable Energy in particular productive uses of solar, wind, geothermal, hydropower and any other economically competitive energy sources.
ICT use -innovative mobile-based applications, software development and customization.
Grow a portfolio of strategically-aligned tech-enabled start-ups for deeper commercial partnership and/or acquisition by Safaricom whilst Transforming Lives. he fund will be made available to tech-enabled start-ups as an enabler in the verticals; Agriculture; Education; Healthcare;
€3,733,500
Kenyan presence
A Core diverse skilled team
Refined Working mobile based product/service
Commercially viable business model
Active user base
Generating revenues
Partnership with Safaricom signed or being discussed
Raising equity or quasi equity
Application process:
The Fund Manager is S&B Ventures, based in Kenya, who will source deals, perform due diligence and recommend the investments.
Provides accessible and efficient trade finance loans up to 70% of the value of export contracts that enables agricultural exporters to pay their farmers upon delivery of their produce.
€2,464,110
Financially and commercially sustainable
Size of the enterprise: minimum annual exports of USD 800,000 or the equivalent in Euros
Minimum annual turnover of USD 1,000,000 or the equivalent in Euros
Three years of track record in export
Sustainability certification (such as organic, fair trade, Utz, and Rainforest) or a conversion plan in place.
Enables purchase of commercial farm machinery and equipment such as green houses, irrigation kits, oil processing equipment, chaff cutters, tractor implements, trucks for transport produce.
€1,866,750
Past crop production records
Projected cash flow
Suitable security requirements
Must have been in production for at least two crop cycles
GroFin considers business applications on the basis of their potential and credibility of the entrepreneur. GroFin understands SMEs and have a proven track record of helping entrepreneurs and business owners start or grow successful businesses.
€1,232,055
Entrepreneur Profile: The entrepreneur should have significant own investment in the business, have the ability to manage a business – from operations, sales, financial management, administration, and leadership. They must be willing to work with GroFin as a value adding financier and share management information regularly. They must have growth ambition and demonstrate integrity as well as professionalism in their dealings.
Collateral requirements: Though GroFin has no minimum requirement, they expect entrepreneurs to (partly) secure the loan if collateral is available. Quality and value of collateral does play an important part in the overall risk assessment. Personal guarantees of the entrepreneur(s) is required.
Social Impact: The business must be able to have a measurable impact in terms of the number of jobs supported and sustained, female ownership, female employment and semi-/unskilled labour. SMEs that provide indirect job opportunities (e.g. training, skills development) and/or environmental services (water, waste, energy, ecotourism) are also attractive to GroFin.
Business support: GroFin delivers business support to clients prior to the investment and during the tenor of the loan – focusing on improving business viability, sustainability and growth through identifying material business risks/opportunities across a range of generic areas as identified during the screening/due diligence stage. For this reason, entrepreneurs need to be receptive to receiving advice and implementing recommendations, normally around improving formalisation of their business.
Alterfin extends funding to microfinance institutions and to associations of smallholder farmers or companies.
€1,232,055
Number of years of operation > 2
Gross Loan Portfolio > USD 1,000,000
Broad outreach: minimum 1000 clients or members
Deep outreach: oriented towards poorer sections of society: rural, agricultural, women
PAR 30 days + restructured + write-off < 10%
Operational Self Sufficiency > 80% and positive trend
Leverage < = 5
60
Challenge Funds
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MAIL
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Agriculture Enterprise Challenge Fund
Unlocking private financing in Agricultural lending
€1,232,055
Innovative ideas that stimulate and/or enrich/contribute to next generation approaches in growing Africa’s Agriculture
Models that seek to scale new, in-demand publicly-bred varieties of food crops (climate-smart and nutrition focus will be considered an advantage.
Crops must go beyond hybrid maize.
Ability to leverage partnerships that increase the availability of other key inputs necessary for maximizing the benefits of improved seed varieties including farmers’ access to appropriate finance, extension services, technologies and output markets.
The Financing Gateway provides you with a free listing of the many financing instruments available for MSMEs. It enables you to filter the instruments that match your needs and click through to the –financing provider’s Internet pages or Contact agent details to find out more and apply.