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Methylamine
- SomaliNet Super
- Posts: 6362
- Joined: Sat Jan 01, 2011 7:22 pm
Postby Methylamine » Tue Apr 15, 2014 11:48 am
http://somalilandbusinessfund.com
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.
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