ABOUT THE FUND: "About the Fund
—The $3.6 million Somaliland Business Fund (SBF) offers grants to the Somaliland private sector ranging from $5,000 to $150,000 for projects involving business development services and/or fixed assets. —Grants below $50,000 are considered small and processed in 2 months (following outreach phase) whereas large grants will be processed in 4-5 months. —Small grants are ‘matching’ i.e. 50:50 co-financing whereas the applicant contribution is reduced to 33% for 1st time applications. —Grants for large projects will be up to 50% i.e. determined on the basis of risks and returns - in this way we can get a higher leverage on the overall grant funds."
Details: http://somalilandbusinessfund.com/index.php?option=com_content&view=category&layout=blog&id=9&Itemid=9
—The $3.6 million Somaliland Business Fund (SBF) offers grants to the Somaliland private sector ranging from $5,000 to $150,000 for projects involving business development services and/or fixed assets. —Grants below $50,000 are considered small and processed in 2 months (following outreach phase) whereas large grants will be processed in 4-5 months. —Small grants are ‘matching’ i.e. 50:50 co-financing whereas the applicant contribution is reduced to 33% for 1st time applications. —Grants for large projects will be up to 50% i.e. determined on the basis of risks and returns - in this way we can get a higher leverage on the overall grant funds."
Details: http://somalilandbusinessfund.com/index.php?option=com_content&view=category&layout=blog&id=9&Itemid=9
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