ACCESS TO FINANCE AGRO-GRANT.
ABOUT THE TEKKI FII AGRO-GRANT Powered by IMVF
Grants of up to D250,000 available for the scaling up of Agro-Enterprises in the NBR and CRR regions. Awarding of the grants will be based on a competitive selection procedure. Grants will target an individual or association/kafo already engaged in Agribusiness. The pre-identified priority sectors are:
Agricultural production Livestock production Agro-Processing Aquaculture
Bee Keeping Distribution and marketing of agricultural products or inputs.
This will be done by facilitating No interest rate or Grantees will receive financial literacy training the in-kind acquisition of repayment requirements. to improve their capacity to save, exercise equipment, materials, licenses financial planning and separate their private and other critical inputs or assets. funds from the funds of the business.
Grantees will participate in annual experience sharing events to communicate results, success stories and best practices.
ELIGIBILITY CRITERIA
Beneficiaries must be Gambian Must be a registered business located in NBR or CRR with proof of business transaction youth 18-35 years. and additional evidence of scalability and potential for job creation
The individual or association must The individual should have the Should have some level of savings or commit already be engaged in Agribusiness necessary experience in to making regular savings in a financial within the project intervention area. implementing the selected activity. service provider of his or her choice
Must provide a business plan using Agree to maintain in a professional Must provide proof of attendance or the template developed by the manner the recording of the business certificate that they have received Grant Coordinating committee and be open to monitoring. entrepreneurship or vocational training
Beneficiaries must attend Activity/ Business must not be illegal Business plan that shows high level of other trainings as and when or detrimental to the environment innovation will be an advantage. required
Must provide a guarantor before funds are disbursed to indicate that the grant will be used for the intended purpose. Failure of doing so implies that the amount of the grant will be refunded in full by the guarantor. In order to serve as a Guarantor
He/she must He/she must provide a valid He/she must not be less than be a Gambian Gambian identification document 25 years of age
He/she must be willing to He/she must be willing to accept to serve as guarantor to beneficiary and hereby agree to serve as adviser to the refund the full grant amount in the event that the beneficiaries misuse/mismanage the beneficiary grant plus any damages relating to the recovery of the amount. ADDITIONAL CRITERIA FOR GROUP APPLICATIONS
Association or Kafo members must Beneficiaries must include 50% Minimum membership of 4 be Gambians Gambian youth (18-35 years)
At least two members must Business must be registered in the At least 3 members of the executive should provide proof of attendance or Association/Kafo's name. be signatories. certificate that they have received entrepreneurship or vocational training How To Apply?