Deadline: 1-Oct-23
The Common Fund for Commodities (CFC) invites applications for financial support from qualifying projects.
The CFC can offer a range of financial and technical instruments of support to meet specific needs of SMEs/enterprises/businesses, cooperatives, and institutions along the entire commodity value chain in its member countries.
With poverty alleviation as their mission, the CFC will support proposals investing in poorest and most vulnerable people in the global value chains, which may concern production, processing, financing, marketing, research and development (R&D), etc.
Quality project proposals from LDCs (Least Developed Countries), LLDCs (Landlocked Developing Countries) and SIDs (Small Island Developing States) will be given priority to alleviate more people from poverty.
The CFC expects that its involvement will enable innovation for positive change in the value chain, providing more income for all participants, securing equitable distribution of benefits, and contributing to social and environmental well-being of its poorest participants at the bottom of the pyramid.
Financing can be provided in the form of loans for capital expenditures, working capital or trade finance to invest in productivity and value chain upgrading involving smallholders and/or SMEs. Applications should clearly show operational and financial viability, and be economically, socially and environmentally sustainable. Women entrepreneurs are especially encouraged to apply.
Funding Information
- The CFC funds projects with loan and other debt instruments.
- The maximum amount is USD 1.5 million for regular projects, and up to USD 300,000 under the Fast-Track procedure.
- However, they show some flexibility when they have projects with higher impacts and good case of finance.
Eligible Project
- Eligible projects are based in one of the 101 CFC Member States and intend to contribute to the Sustainable Development Goals by investing in commodity value chains. Successful applications will demonstrate clear and visible potential to achieve sustainable positive impact on the livelihoods of the poorest people who depend on commodities and help create a nexus between the smallholders and SMEs/businesses.
Eligibility Criteria
- All interested SMEs/enterprises/businesses/cooperatives/governments are kindly invited to submit qualifying proposals.
- The CFC encourages applications proposing innovative solutions for the commodity sector. These may include new agritech applications, agroforestry, agro-ecology themed innovative productivity practices, regenerative technologies, increased availability of renewable and affordable energy, expanding environmental services, expediting digital and green recovery, adding to the nutrition security, climate friendly practices contributing to biodiversity, preventing deforestation, digitalization, financial inclusion, blockchain and other traceability solutions.
For more information, visit CFC.