€ 0
Overview
| Donor: | HEVA |
| Application procedure: | Online Application |
| Donor base: | Kenya |
| Reference number: | - |
| Eligible applicants: | Social Business |
| Deadline: | 31.12.2026 |
Financial details
| Grant size: | Medium - up to $1,000,000 |
| Minimum grant size: | - |
| Total available budget: | - |
| Funding type: | Loans |
| Maximum grant size: | 135.000$ |
| Funding ratio: | up to 100% |
Sectors
- Arts & Culture
- Economic Development
Project Locations
Africa
Kenya
Description
1) Objective
This facility aims to stimulate the growth of cultural and creative industries (CCIs) in Kenya by creating new jobs. Ota Growth will give special consideration to companies committed to working with young women, people with disabilities, and refugees.
It provides:
- Working capital: Financing for operational costs such as hiring new employees, paying salaries, renting new inventory, locations, etc. all within a 1 year timeline.
- Asset Finance: Financing for the purchase of equipment, machinery and software.
- Trade Finance: This refers to LPO Financing, invoice discounting, letter of credit facilitation, contract financing and project financing.
2) Eligibility
Your organisation/business must be registered and operational in Kenya for at least two (2) years. At least 51% of company shareholders must be citizens of Kenya.
3) Location
Actions must take place in Kenya.
4) Budget
Ota Growth is a loan facility featuring targeted debt investments. This means that eligible businesses can apply for a minimum of KES 5,000,000 and a maximum of KES 20,000,000 at a rate of 9% interest.
5) Application
Ota Growth will disburse loans between the period of 1st December 2024 and 31st December 2026.