The Common Fund for Commodities (CFC) invites applications for financial support for qualified projects. The CFC can offer a range of financial and technical support instruments to meet the specific needs of SMEs/companies/enterprises, co-operatives and institutions along the entire commodity value chain in its member countries.
Eligible projects are based in one of the CFC member countries and aim to contribute to the Sustainable Development Goals by investing in commodity value chains. Successful applications will demonstrate a clear and visible potential to achieve a sustainable positive impact on the livelihoods of the poorest people who depend on commodities.
With poverty reduction as its mission, the CFC will support proposals to invest in the poorest and most vulnerable people in global value chains, which may concern production, processing, financing, commercialisation, research and development (R&D), etc.
Quality project proposals from LDCs (Least Developed Countries), LDCs (Landlocked Developing Countries) and SIDs (Small Island Developing States) will be prioritised to relieve more people from poverty.
The CFC hopes that its involvement will enable innovation for positive changes in the value chain, providing more income for all participants, ensuring the equitable distribution of benefits and contributing to the social and environmental well-being of its poorest participants at the base of the pyramid.
The CFC encourages applications proposing innovative solutions for the commodities sector. These can include new agro-technological applications, agro-forestry, innovative productivity practices with an agro-ecological theme, regenerative technologies, increased availability of renewable and affordable energy, expanding environmental services, accelerating digital and green recovery, adding to nutritional security, climate-friendly practices that contribute to biodiversity, preventing deforestation, digitalisation, financial inclusion, blockchain and other traceability solutions.
Funding can be granted in the form of loans for capital expenditure, working capital or commercial financing to invest in productivity and value chain improvement involving small farmers and/or SMEs. Applications must clearly demonstrate operational and financial viability and be economically, socially and environmentally sustainable. Women entrepreneurs are especially encouraged to apply.
Its mission is to contribute to poverty reduction by strengthening the income-generating capacity of commodity producers and mitigating vulnerability to their economic well-being.
Its vision is to strengthen and diversify the commodities sector in developing countries and turn it into a major contributor to poverty reduction and sustained economic growth and development.
How to enrol:
All interested SMEs/companies/cooperatives/governments are kindly invited to submit qualified proposals at the latest
Deadline: 1st October 2023.
click HERE to sign up
