Grants and Contributions:
Title:
Aceli Agri-SME Market Incentive Facility
Agreement Number:
7457522 P012106001
Agreement Value:
$15,000,000.00
Agreement Date:
Mar 20, 2024 - Mar 20, 2034
Description:
The Aceli Agri-SME Market Incentive Facility aims to unlock financing for high-impact agri-SMEs. The proposed facility aims to provide financial incentives to increase the risk appetite of financial institutions (global and local). It also aims to facilitate technical assistance to expand the ability of high-impact small and medium enterprises (SMEs) to qualify for and manage financing. Project activities include: (1) offering financing incentives to financial institutions (both local and international in Sub-Sahara Africa); (2) offering impact bonus to financial institutions that serve borrowers that are inclusive (gender and youth) and contribute to food security on the continent; and (3) providing technical assistance for early and growth stage SMES, both pre and post investment.
Organization:
Global Affairs Canada
Expected Results:
The expected outcomes of this project include: (1) improved ability to serve agri-SMEs, particularly those that are gender inclusive, by the financial institutions supported by Aceli Africa; (2) enhanced capacity of lenders and agri-SMEs to apply good Environmental, Social and Governance (ESG) standards and access and manage financing; and (3) improved food security and nutrition, gender and youth inclusion, and climate smart agricultural practices by high-impact agri-SMEs in Sub-Saharan Africa.
Location:
Washington, US
Reference Number:
064-2024-2025-Q2-00667
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Type:
Not-for-profit organization or charity
Additional Information:
Belated reporting
Recipient's Operating Name:
Aceli Africa Inc.
Recipient's Legal Name:
Aceli Africa Inc.