Sponsoring Agency: Uganda Green Enterprise Finance Accelerator (UGEFA)
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 04/30/2021
Size of the Fund: USD $50,000 to $500,000
The Uganda Green Enterprise Finance Accelerator (UGEFA) has launched its second call for applications. The Accelerator targets green Small and Medium Enterprises (SMEs) looking to grow and scale their businesses.
The Uganda Green Enterprise Finance Accelerator aims to facilitate the flow of green finance into the Ugandan SMEs sector through strengthening green SMEs and improving available financial mechanisms for SME debt financing.
Benefits for green SMEs in Uganda
UGEFA improves access to finance for green enterprises in Uganda by offering:
• Catalyser Support over 6-months
o Customised business development support from expert Business Advisors focused on developing growth and financial plans to successfully scale your business
o Interactive workshops with easy-to-use, practical tools – tested and proven by green entrepreneurs around the globe – to prepare and manage your growth
o Peer-to-peer learning and networking with like-minded entrepreneurs
o Showcasing your enterprise during high-level events and ongoing ecosystem building activities
• Loan Facilitation
o Privileged access within UGEFA pipeline to debt finance offered through our partner banks
o Discounted loan of between UGX 36,700,000 – 367,000,000 to support investment needs where 1/3 of total loan amount is repaid directly with UGEFA grant contribution, thereby reducing total principal and interest repayment amounts
o 1:1 business advisory within additional Accelerator Support to invest in growth and scale impacts while managing loan
Eligibility Criteria
The programme is open to enterprises that are:
• Registered as a private company or registered partnership;
• Engaged in a green sector specifically, Clean Energy, Green Manufacturing, Sustainable Transport, Sustainable Tourism or Waste Management;
• Operational for more than 2 years;
• Generating revenue with at least 10,000 USD turnover in the previous year; and
• In possession of financial records
More information at: https://ugefa.eu/news/second-call-for-applications-now-open
