The African Guarantee Fund for Small and Medium Enterprises Ltd.
$12,500,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2020-2021
- Agreement period
- March 31, 2021 – March 31, 2031
- Project status
- Implementation
- Reference
- CA-3-P008182001
Published purpose
This project aims to enhance African women entrepreneurs access to finance by providing financial guarantees issued by the African Guarantee Fund to African financial institutions. The initiative promotes a shift toward a gender-sensitive approach in the lending decision-making processes of African financial institutions. Project activities include: (1) providing tailored financial services to African women entrepreneurs (2) strengthening gender-based analysis of participating African financial institutions; and (3) enhancing the capacity of African financial institutions and Small and medium-sized enterprises (SMEs) to shift the lending culture toward gender-sensitive opportunities.
In plain English AI-generated
This project provides financial guarantees through the African Guarantee Fund to help African financial institutions increase lending to women entrepreneurs, including training and capacity building to promote gender-sensitive lending practices.
Category: Foreign Aid Development Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
Community tags
Tags are applied by readers, not by this site. One tag per person per record.