Call For Proposal 2016 - CFC: Support for Commodity Development Activities

Posted by Jamal Fida Thursday, September 1, 2016 0 comments
Closing Date: October 31, 2016.

The CFC (an intergovernmental financial institution) provides financing to organizations and enterprises engaged in commodity value chains in its member countries. Through a range of financial instruments, the CFC seeks to support business activities in the field of commodity development, including agriculture, minerals and metals in Developing Countries. The intervention should, besides giving a sound financial return, also provide for a measurable social and environmental return.

OBJECTIVES OF CFC'S PROJECT FINANCING 
The CFC supported activities promote the development of the commodity sector in CFC member countries and contribute to sustainable development in the following aspects:
1.                 Social: Create employment (particularly for youth and women), provide sustained increase in household incomes, reduce poverty, and enhance food security.
2.      Economic: Enhance production and productivity, achieve higher local value addition; improve competitiveness of producers, producer organisations and small and medium sized industries, support the financial sector development.
3.       Environmental: Enhance production taking into account the environment and its long term possibilities for the same, or increased use of productive resources while maintaining or reducing the impact on the environment.

The CFC supports implementation of activities along the value chain that:
·         are innovative, scalable and replicable,
·         are financially sustainable,
·    have a potential measurable positive socio-economic and environmental impact on the stakeholders in commodity value chains as compared to the prevailing baseline situation,
·         develop stronger connections with existing markets or create new markets along the value chain,
·     increase financial or other services available for commodity producers and commodity based businesses,
·     enhance knowledge generation and information dissemination, and - build effective and cost efficient collaboration between producers, industry, governments, civil society organisations and other stakeholders for commodity based development.

ELIGIBLE ENTITIES AND COFINANCING REQUIREMENTS
Eligible to apply under this Call for Proposals are all legal public and private entities that:
  • operate in commodity value chains in CFC member countries or provide financial services to micro, small and medium sized businesses operating in these value chains,
  • have a proven relevant track record of sound commercial operations in the proposed activities over a period of at least 3 years, which can be documented by means of (audited) financial statements, and
  • share CFC’s values, including internationally recognized principles concerning human rights, labour, the environment and anti-corruption as reflected in the United Nations Global Compact.


The amount of finance requested from CFC should not exceed 50% of the total amount required to execute the project. The balancing amount of co-financing is to be provided by the applicant and/or by other co-financiers. Such co-financing should be relative to the new funding requirement for the (investment) project. Sunk cost are not considered a financial contribution. A thorough assessment of the co-financing available will form part of CFC’s final due diligence verification.


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