Benin: USADF offering Funding for the Development of Local Businesses
Deadline: 28 February 2020
The United States Foundation for Development in Africa (USADF), in collaboration with the Department Small and Medium-Sized Enterprises and the Promotion of Employment (MPMEPE) of the Government of Benin, invites cooperative societies of producers, processors, and small and medium-sized enterprises Beninese to submit requests for funding and support for the development of their local businesses promoting innovative solutions that increase their capacity to increase incomes, create jobs, improve incomes and achieve sustainable market-based growth.
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Funding Information
The maximum amount awarded to start-ups in the processing, crafts and off-grid energy sectors is the equivalent of US $ 50,000.
Grant values can range from $ 10,000 to a maximum of US $ 250,000 (grant amounts are based on the level of impact on income growth, job creation, recipient income and sustainability growth).
Companies must provide a clear business plan, financial statements and proof of registration. They should also provide evidence of their ability to contribute a minimum of 30% of the total cost of the project.
Eligibility Criteria
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Only proposals from cooperative companies and registered companies of producers, processors investing directly in the value chains of corn, cassava, cashew, shea, pineapple, palm oil, rice, peanut and soybean and off-grid energy and craft industries will be considered.
Note: The USADF only accepts requests from cooperatives, associations or small and medium-sized enterprises directly involved in the above-mentioned sectors. The USADF does not accept requests from NGOs, government or parastatal institutions. Application documents submitted after the deadline will not be considered.
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How to Apply
Proposals must be submitted at the address given on the website.
Supporting documents:
Completed application form. – Required
Copy of a valid registration certificate from an organization or business. – Required
Most recent Business Plan – Preferred but optional for community organizations, Required for businesses
2 years of financial statements for the past 2 years – Preferred but optional for community organizations, Required for businesses
For more information, visit https://www.usadf.gov/appl