USADF and Stanbic Kenya Foundation 2022 Accelerate your Biashara Program – Get USD 50,000 Grant
The United States African Development Foundation (USADF) in partnership with the Stanbic Kenya Foundation (SKF), invites applications for grant financing and local support from small and medium enterprises, cooperatives, and producer groups to help them address gaps in their internal systems and capabilities to 100% meet investment requirements by commercial investors. Applications will only be accepted from registered private entities operating in Kenya.
Read also: RCL Foods Management Trainee Programme
Who is Eligible?
SMEs to be considered are only those that are 100% African-owned and managed, legally registered in Kenya, with basic functional management and financial controls for at least 2 years and a banking history of no less than 12 months. Applicants must have applied for commercial investment in the past, but the application was denied due to internal systems and capability gaps.
Successful applicants must:
- Complete the standard USADF/SKF application form.
- Have a clearly identified and well-defined problem that can be addressed with the grant funding to make the enterprise investment ready.
- Be able to identify a path for growth after the USADF/SKF grant ends with
a clear investment plan. - Be able to contribute at least 50% of the total cost of addressing the identified problem.
- Have a clearly defined market opportunity to grow revenues that can increase incomes.
- If selected, be willing to comply with minimum funds usage reporting requirements applicable to the grant.
- If selected, be willing to share details and evidence of why their past commercial investment was declined.
Read also: SAASTA Science Journalism Internship Programme
How to Apply
Interested and eligible candidates for the USADF and Stanbic Kenya Foundation 2022 Accelerate your Biashara Program should submit their application forms by visiting the USADF and Stanbic Kenya application portal here before the deadline.
Read also: Transnet Young Professional in Training Programme
Application Deadline
All applications must be submitted no later than midnight on 21st December 2022.
You May Also Like:
University of Sussex Nigeria Scholarship
Seyi Makinde Scholarship Board Bursary Application
Fully Funded Master’s Scholarships in Canada
SASSETA Bursary Application
Lateef Jakande Leadership Academy Fellowship Programme
HiiL Justice Entrepreneurship School Incubation Programme
Absa SHE STARS Program for Kenyan Entrepreneurs
KPMG Graduate Recruitment for East Africans
10 Best NGOs In Nigeria and How to Get a Job
MTN Nigeria Blow My Hustle
If you find this information useful, please share it with your friends and family to help us reach more readers. Like and follow us on Facebook and Twitter. Thanks