Increasing affordability of and access to Good Food

Benefits

Support available for selected businesses

If selected, the Fund will provide technical as well as financial support to the selected businesses depending on their needs. The support provided includes:

Results-based financing support

The Fund will provide Results-based financing to the selected businesses. The financing will be provided primarily in the form of interest-free repayable loans and grants-only in exceptional cases where the results are towards a public good.

Technical Assistance (Business Advisory) support

Technical assistance support will be provided in the form of customized business advisory (BA) support. The Business Advisory support endeavors to strengthen innovators' business capacities by addressing a myriad of challenges these SMEs face while trying to expand market share, distribute products, finance their enterprise, and change customer perceptions. 

Capital Facilitation support

To increase access to finance for the selected SMEs, the Fund will provide investment readiness, investment exposure and investment facilitation support to the selected SMEs.

Monitoring and evaluation technical assistance

Most SMEs lack the capabilities to monitor and evaluate their socio-economic impact. The Fund will provide advisory support to the SMEs to develop their M&E strategies and processes and implement them.

 

Learning and exchange with other grantees

Learning exchange opportunities with other grantees and networking opportunities with relevant ecosystem players will be provided to the selected SMEs.

 

Funding structure

  • Type of funding: The Fund will provide Results-based financing to the selected SMEs. The financing will be provided primarily in the form of interest-free repayable grants and grants - only in exceptional cases where the results are towards a public good. 

  • Duration of funding: The Fund will get into a 3-year contract with the SMEs with defined RBF targets, disbursement schedule,s and repayment schedules. 

  • Funding size: The funding provided by the Fund to a selected SME will be between USD 50,000 and USD 200,000 (refer to Term Sheet for the maximum funding available per SME per country). The size of the funding will be finalized basis the approved work plan and financing requirement submitted by the SMEs. 

  • Eligible uses of funding: The funding can be used for the CAPEX as well OPEX costs as per the work plan and funding requirements submitted by the SMEs.

  • Matching contributions/Co-financing: SMEs will need to provide a minimum of 20% of the requested grant/project cost (i.e., the Fund will only cover up to 80% of the total project cost) in co-financing. The matching contributions can be in-kind or in-cash. Matching contributions must be secured and evidenced as such by the time final proposals are submitted and must then be used towards the proposed Project and spent in full across the project cycle.