Donor: HEVA
Application procedure: Full Proposal
Donor base: Kenya
Reference number: -
Eligible applicants: Social Business
Deadline: 19.10.2020

Financial details

Grant size: Small - up to $100,000
Minimum grant size: 20.000$
Total available budget: -
Funding type: Loans
Maximum grant size: 50.000$
Funding ratio: up to 100%


  • Economic Development

Project Locations

  1. Africa

      Ethiopia, Kenya, Rwanda, Tanzania, Uganda


1) Objective

HEVA is launching the East Africa Creative Business Fund to invest in creative businesses in the five East African countries: Kenya, Uganda, Rwanda, Tanzania, and Ethiopia. This facility is designed to provide financing for businesses to: restructure interrupted supply chains; increase production capacity; diversify offerings; increase market share; increase integration in local and regional value-chains; support the transition to low-touch and digital capabilities, and take advantage of new opportunities.

Business support remains a key component of our fund strategy. As such, East Africa Creative Business Fund beneficiaries will also be the recipients of ongoing strategic engagements to synergise with their direct cash-flow investment. This will include: relevant financial modelling, legal, tax, human resource, accounting, and cash flow management support, as well as access to training and international platforms for market access.

2) Eligibility

A business must be registered and operational in one of the listed countries: Kenya, Uganda, Rwanda, Tanzania, and Ethiopia. At least 51% of company shareholders must be citizens in any of these countries. A business must be able to demonstrate a resident team (permanent or part-time). The business must have a minimum of one (1) permanent employee.

3) Location

Actions must take place in Kenya, Uganda, Rwanda, Tanzania, and Ethiopia.

4) Budget

This fund is a loan facility featuring targeted debt investments to be deployed for a maximum of four (4) years in each business which makes a successful application. Businesses can apply for a minimum of USD 20,000 and a maximum of USD 50,000.

5) Application

Interested entities should submit their proposals no later than 19 October 2020.

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