Deadline: 31-Dec-22
The United States African Development Foundation (USADF), in collaboration with the Ministry of Small and Medium Enterprises and Employment Promotion (MPMEPE) of the Government of Benin, invites Producer Cooperative Societies, processors, and Beninese small and medium-sized enterprises to submit requests for financing and support for the development of their local businesses promoting innovative solutions that increase their capacities to increase incomes, create jobs, improve incomes and achieve sustainable market-based growth.
Funding Information
- The maximum amount awarded to start-ups in the processing sectors is the equivalent of US$50,000.
- Grant values can range from $50,000 to a maximum of US$250,000.
Eligible Projects
- Have a clearly defined market opportunity to increase revenue and revenue for the company and beneficiaries.
- Have a clearly defined plan on how to grow revenue and income for the business and beneficiaries in two to four years.
- Be able to make significant cash or in-kind contributions to ensure the success of the project.
- Be able to reach hundreds of beneficiaries.
- Be able to identify additional funding options available after the USADF award ends.
Eligibility Criteria
- Only proposals from cooperative societies and registered companies of producers, processors investing directly in the value chains of maize, cassava, rice, cashew, shea, pineapple, soy, palm oil, beekeeping, market gardening and promoters of digital solutions will be considered.
- The organization must be 100% African owned and fully managed by Benin nationals.
- The organization must be a legally registered Beninese entity (or in the process of becoming legally registered. Registration must be completed before any funding can be provided).
- The organization must demonstrate that it has been successful in working together and has the capacity to use grant funds effectively.
- Ownership and management must be in agreement on the problem to be solved and have a commitment to the benefit of their community.
- The organization must have basic functional management and controls to account for USADF funds.
For more information, visit USADF.