Call for Applications for Financial Support to Agri-enterprises

The AgriFI Kenya Challenge Fund is looking to award an indicative amount of EUR 18,000,000 to agri-enterprises as financial support. 

The Challenge Fund will award financial support to cover a maximum of 50% of the total value of the proposal. The balance (i.e. the difference between the total cost of the proposal and the amount requested as financial support) must be financed from matching funds in the form of cash/cash equivalents, credit or equity from external financiers. Eligible food and agriculture projects can seek financing from Equity Bank (Kenya) Limited to reach the required matching funds. In cases where applications are made by consortia the match fund contributions can be provided by any of the consortia members.

For applicants that will be able to access credit line from Equity Bank, the maximum loan tenure will be up to 7 years. The individual projects tenure in this regard will be reviewed on case by case basis as per Equity Bank’s internal policies, processes and procedures and as per the terms agreed upon between Equity Bank Kenya and European Investment Bank.