This $500,000 Project Grant award from the U.S. Agency for International Development (USAID) under the USAID Foreign Assistance for Programs Overseas (CFDA 98.001) program provides funding to Cauris, Inc., an impact investing firm that offers senior secured credit facilities to fintech companies in Africa. The funding will support Cauris' mission to expand access to finance for over 10 million small businesses and entrepreneurs in Africa. Led by a seasoned team of fintech investors and...
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. 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,...
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...
The US Agency for International Development (USAID) awarded a $400,000 Project Grant to Fundacion Capital Fundak Sucursal Colombiana through the USAID Foreign Assistance for Programs Overseas (CFDA 98.001) program. The grant will support promoting financial inclusion through banking agents in underserved areas of Colombia from September 15, 2022 through September 14, 2025. The USAID Foreign Assistance for Programs Overseas program aims to support long-term and equitable economic growth and...
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...
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 International Development Finance Corporation (IDFC) awarded a $560,000 Project Grant to Locfund Next L.P. from September 27, 2022 to September 27, 2030 under the Foreign Investment Financing (70.002) federal grant program. The grant funding will support a technical assistance facility operated by Locfund Next L.P. to build the capacity of microfinance institutions in its investment portfolio. Specifically, the technical assistance facility will provide services and expertise to strengthen...
The U.S. Agency for International Development (USAID) awarded a $390,000 Project Grant under the USAID Foreign Assistance for Programs Overseas (CFDA 98.001) program to Research ICT Africa NPC, a non-profit organization based in South Africa. The grant is titled "ADVANCING GLOBAL RESPONSIBLE ARTIFICIAL INTELLIGENCE MEASUREMENT" and has an award period from October 1, 2023 to September 30, 2025. The project aims to support capacity building, policy reform, and technical assistance...
The U.S. Agency for International Development (USAID) has awarded a $1,500,000 Project Grant under the Foreign Assistance for Programs Overseas (CFDA 98.001) program to Givedirectly Inc., a non-profit organization, to test phone-based targeting for urban social protection initiatives in Malawi. The 3-year project, which commenced on September 25, 2024 and is scheduled for completion by September 24, 2027, will focus on leveraging digital platforms and data collection methods to provide direct...