The U.S. Agency for International Development (USAID) awarded a $1,000,000 Project Grant under the USAID Foreign Assistance for Programs Overseas (CFDA 98.001) program to Accial Capital Management LLC, located in Miami, Florida. The purpose of the grant is to foster financial inclusion by providing innovative credit solutions to underserved markets through fintech lenders, with a focus on micro, small, and medium-sized enterprises (MSMEs) in emerging markets. Accial Capital aims to utilize...
This $1,000,000 Project Grant award, provided by the U.S. International Development Finance Corporation (DFC) under the Technical Assistance and Feasibility Studies program (CFDA 87.101), supports the structuring and launch of three country-level catalytic investment vehicles to expand access to finance for small and medium enterprises (SMEs) in Nigeria. The award, made on July 8, 2024, with a completion date of September 26, 2025, will be implemented by the Global Steering Group for Impact...
The U.S. Agency for International Development (USAID) awarded a $500,000 Project Grant under the USAID Foreign Assistance for Programs Overseas (CFDA 98.001) program to Pangea Ventures Inc., a self-certified small disadvantaged business, on February 9, 2024. The grant funds the Catalyzing Investment for Small Businesses (CISB) activity in Sierra Leone, which aims to provide affordable access to finance and business advisory services to qualified small and medium enterprises (SMEs) in order to...
This $2,600,000 project grant, awarded by the U.S. Agency for International Development (USAID) under the Foreign Assistance for Programs Overseas (CFDA 98.001) program, aims to evaluate the effectiveness of consumer overdraft services in promoting financial resilience among vulnerable populations in Tanzania. The grant was awarded to Finca International Inc., a non-profit organization focused on international development, microfinance, and economic empowerment initiatives. The project will...
The U.S. International Development Finance Corporation (DFC) has awarded a $500,000 Project Grant under the Technical Assistance and Feasibility Studies program (CFDA 87.101) to SFC Finance LIMITED, a for-profit organization based in Mauritius. The grant will support the provision of environmental, social, governance (ESG), energy, governance, and operational advisory services to 43 portfolio companies in the Africa regional market over a period of 5 years, from July 2024 to May 2029. The...
The U.S. Agency for International Development (USAID) awarded a $500,000 Cooperative Agreement under the USAID Foreign Assistance for Programs Overseas (CFDA 98.001) program to Mida Advisors LLC, a minority-owned small disadvantaged business in Washington, D.C. The purpose of this 18-month award, effective January 17, 2025 through July 16, 2026, is to support the creation of a pan-African permanent capital investment vehicle for equity. This initiative aims to deliver low-carbon,...
This $3,250,000 Project Grant was awarded by the U.S. International Development Finance Corporation (DFC) under the Technical Assistance and Feasibility Studies program (CFDA 87.101) to provide pre- and post-investment technical assistance to first-time fund manager Sharaka Capital Management. The funding supports the structuring of their investment fund and training for small and medium enterprises (SMEs) in the Middle East and North Africa (MENA) region. The award has a performance period from...
This $650,000 Project Grant awarded by the U.S. Agency for International Development (USAID) on October 1, 2023 is funded under the USAID Foreign Assistance for Programs Overseas (CFDA 98.001) program. The grant supports Sturgeon Capital LTD, a for-profit organization based in the United Kingdom, to implement activities that promote long-term and equitable economic growth and advance U.S. foreign policy objectives. The grant will fund the delivery of critical goods and services globally across...
The U.S. Agency for International Development (USAID) awarded a $255,000 Project Grant under the USAID Foreign Assistance for Programs Overseas (CFDA 98.001) program to Paon Bleu S.A., a for-profit organization, to test a model for connecting individual diaspora investors to their home communities in Haiti. The goal is to generate viable returns on investment and promote financial inclusion through credit for resilience in local communities. The project will allow local financial institutions to...
The International Development Finance Corporation awarded a $1,950,000 project grant to Chancen International Rwanda under the Foreign Investment Financing federal grant program (CFDA 70.002). The grant will fund technical assistance services from September 2022 through September 2025 to improve Rwanda's portfolio management systems architecture and increase automation. The Foreign Investment Financing program aims to support private sector development projects in developing countries that...