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Overview
| Donor: | Finnfund |
| Application procedure: | Full Proposal |
| Donor base: | Finland |
| Reference number: | - |
| Eligible applicants: | Social Business |
| Deadline: | ongoing |
Financial details
| Grant size: | Small - up to $100,000 |
| Minimum grant size: | - |
| Total available budget: | - |
| Funding type: | Equity, Loans, Other |
| Maximum grant size: | - |
| Funding ratio: | up to 100% |
Sectors
- Economic Development
- Energy
- Environment & Natural Resources
- Research, Technology & Innovation
- Social Inclusion
Project Locations
Africa
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe
America
Antigua and Barbuda, Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador, French Guiana, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Uruguay, Venezuela
Asia
Afghanistan, Azerbaijan, Bangladesh, Bhutan, Cambodia, China, East Timor, India, Indonesia, Iran, Iraq, Kazakhstan, Korea, Kyrgyzstan, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, North Korea, Pakistan, Palestine, Philippines, South Korea, Sri Lanka, Syria, Tajikistan, Thailand, Turkey, Turkmenistan, Uzbekistan, Vietnam, West Bank and Gaza, Yemen
Europe
Albania, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Kosovo, Moldova, North Macedonia, Serbia, Ukraine
Pacific
Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu
Description
1) Objective
Finnfund (Finnish Fund for Industrial Cooperation Ltd.) is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. One of the key objectives of Finnfund’s operations is to create positive environmental and social impacts in our target countries. Finnfund and many international public and private financiers apply environmental and social principles in their financing. Sustainable business practices can have a positive impact also on the competitiveness and financial performance of the company. Commitment to environmental and social sustainability may bring, for example, the following benefits: (1) optimized use of raw materials and energy, and reduced adverse environmental impacts; (2) preparedness against unforeseen risks and impacts; and (3) improved market position and/or access to new markets.
The Fund is owned by the State of Finland (93.4%), Finnvera (6.5%) and Confederation of Finnish Industries EK (0.1%). Apart from co-investing with Finnish companies, the Fund finances ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits. The Fund does not extend soft loans but shares risks by providing long-term financing for promising projects in challenging markets, where commercial financing is hard to obtain. Funding can be in the form of equity capital, mezzanine financing or long-term investment loans. Regardless of the form of financing, the Fund always participates with a minority stake.
2) Eligibility
Social business organisations are eligible to apply.
3) Location
Developing countries worldwide as per DAC list are eligible.
4) Budget
Project funding varies depending on the type of organisation and need of the project.
5) Application
There is no standard application form for Finnfund financing. The basis of the Fund’s appraisal is the client’s project plan. Applicants may send the full project proposal to the Fund via e-mail. The projects should have an experienced and committed industrial sponsor. If the sponsor is not a Finnish company, some other link to Finnish interests must be demonstrated. There are no deadlines.