“Funding Innovation – Making a Difference” 13th Call for Proposals (Common Fund for Commodities)
Deadline: 31 October 2018.
The CFC is an intergovernmental institution which provides financing to organisations and enterprises engaged in commodity value chains in its member countries. Through a range of financial instruments, the CFC seeks to support business activities in the field of commodity development, including agriculture, minerals and metals in Developing Countries. The intervention should, besides giving a sound financial return, also provide for a measurable social and environmental return
CFC supports activities which promote the contribution of the commodity sector to achieving the Social Development Goals
Social: Create employment (particularly for youth and women), provide sustained increase in household incomes, reduce poverty, and enhance food security.
Economic: Enhance production and productivity, achieve higher local value addition; improve competitiveness of producers, producer organisations and small and medium sized industries, support the financial sector development.
Environmental: Enhance production taking into account the environment and its long term possibilities for the same, or increased use of productive resources while maintaining or reducing the impact on the environment.
Funding: between USD 300,000 and USD 1,500,000, The amount of finance requested from CFC should not exceed 50% of the total amount required to execute the project. The balancing amount of co-financing is to be provided by the applicant and/or by other co-financiers. Such co-financing should be relative to the new funding requirement for the (investment) project. Sunk cost are not eligible to be considered as a financial contribution. A thorough assessment of the co-financing available will form part of CFC’s final due diligence verification.
Deadline: 31 October 2018
[Boletín SIUN 406, 6 de septiembre de 2018]