Deadline: 25 February 2019
HEVA in collaboration with JENGA CCI/Goethe-Institut Kenya is currently accepting applications for its Young Women in Creative Industries Fund.
HEVA has designed a facility focused on young women in creative enterprises, looking to increase their production capacities, launch new product lines, invest in new technology and expand their distribution networks in the East Africa market. This facility is directed at supporting the applicants’ working capital needs as well as acquisition of production assets. Alongside the financial investment, they shall provide business support and learning facilities to improve the productivity of successful beneficiaries in the following ways: investments in production, inventory and logistics technologies; support increasing the unit value of a product by product development; and increasing access to necessary post-production capacities.
Funding Information
The Women’s Fund is a loan facility, with a repayment period between 15 and 18 months, and HEVA is looking to invest up to KES 1,000,000 in each successful business.
Eligibility Criteria
- Applicants must be a Kenyan citizen resident in Kenya, with a business that is legally registered and operational in Kenya.
- Applicants must have been in business for at least 2 (two) years.
- Applicants business must be women-owned or have majority shareholding amongst women aged between 18 and 35 (an organization structure diagram showing how the organisation is structured and how the positions of the organisation, with the names, ages and occupations of their holders relate to one another will be required as part of your application)
- Applicants business must trade in one of the following arenas:
- Applicants must have financial records for at least a year, e.g M-pesa statements, bank statements, audits, etc.
- Applicants must have been in operation for at least 3 years
- Applicants must have at least three full time employees
How to Apply
Applicants can apply online via given website.
Eligible Country: Kenya
For more information, please visit http://www.hevafund.com/young-women/#top