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Overview
| Donor: | U.S. African Development Foundation (USADF) |
| Application procedure: | Full Proposal |
| Donor base: | United States |
| Reference number: | - |
| Eligible applicants: | Social Business |
| Deadline: | 18.10.2024 |
Financial details
| Grant size: | Small - up to $100,000 |
| Minimum grant size: | - |
| Total available budget: | - |
| Funding type: | Grants |
| Maximum grant size: | 25.000$ |
| Funding ratio: | up to 100% |
Sectors
- Agriculture & Rural Development
- Capacity Building
- Economic Development
Project Locations
Africa
Zambia
Description
1) Objective
The United States African Development Foundation (USADF), in partnership with the Stanbic Bank Zambia Limited (SBZ) invite applications for grant financing and local support from Micro, Small and Medium Enterprises (MSMEs), cooperatives, and producer groups. The aim is to help them improve their internal processes and capabilities so that they can fully meet the investment requirements of commercial investors.
2) Eligibility
MSMEs to be considered must be African-owned and managed, legally registered in Zambia, with basic functional management and financial controls for at least 2 years and banking history of no less than 12 months. Applicants must have applied for commercial investment in the past, but the application was denied due to internal processes and capability gaps. Priority shall be given to women and youth owned MSMEs.
3) Location
Actions must take place in Zambia.
4) Budget
Awards are up to US $25,000 to each of the selected winners.
5) Application
All applications must be submitted by email to usadfsbz@usadf.gov no later than 23:59 Zambia time on Friday, October 18, 2024.