Deadline: 10-Apr-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.
Mission: To contribute to poverty alleviation by strengthening the income-generating capacity of commodity producers and mitigating vulnerability to their economic well being.
Vision: To strengthen and diversify the commodity sector in developing countries and transform it to be a major contributor to poverty alleviation and sustained economic growth and development.
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.
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.
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.
Eligibility Criteria
- If the country where your project will operate is a Member State of the CFC, you are eligible to apply for the proposal to be implemented within a Member State.
- Eligible projects are based in one of the CFC Member Countries 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.
Can a start-up company apply?
- The CFC does not finance start-up companies.
- Eligible proposals must demonstrate a track record of at least 3 years (addressing substantive as well as financial issues).
- The existence of a credible historical period of operations (documented by audited financial statements) is important.
For more information, visit CFC.