CFC offers Financial Support to SMEs/Enterprises/Businesses, Cooperatives & Institutions

Deadline Date: October 01, 2024

 Donor Name: Common Fund for Commodities (CFC)

 Grant Size: More than $1 million

https://www.common-fund.org/call-for-proposals

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. 

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.

With poverty alleviation as the 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.

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.

Funding Information

• The CFC funds agribusinesses with loans and other debt instruments. The maximum amount is USD 2 million for regular projects, and up to USD 300,000 under the Fast-Track procedure.
• CFC can offer a grace period on its loans, not exceeding 2 years.

Eligibility Criteria

• If the country where your project will operate is a CFC Member State, you are eligible to apply for the proposal.
• 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 Common Fund for Commodities (CFC)