Deadline: October 9th 2023 | Catalytic Finance To Create Climate Resilient Water Initiatives In Kenya
| Title: | Catalytic Finance To Create Climate Resilient Water Initiatives In Kenya |
| Organisation: | Kenya Innovative Finance Facility for Water |
| Fund/Benefit: | €500 000 |
| Deadline: | October 9th 2023 |
| Eligible countries: | Kenya |
The Kenya Innovative Finance Facility for Water provides a variety of financial and technical support to meet the needs of its potential private sector partners, which may include SMEs, enterprises, or businesses that are still in the early stages of development and are looking to expand, as well as project promoters who are looking for financing for project development in the water and climate sectors.
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With a mission to spur more and larger investments in the water and climate sectors, the Kenya Innovative Finance Facility for Water aims to sufficiently de-risk innovative, viable, and sustainable climate-resilient water initiatives to create a sufficient pipeline of investable opportunities.
The KIFFWA will provide up to EUR 500,000 in financial/investment support for successful ventures in the form of equity or low-interest financing. The financial support provided by KIFFWA is limited to EUR 500,000 per initiative and covers a maximum of 50% of the initiative development costs.
eligibility
- The goal of all eligible activities should be to advance the UN SDGs, particularly SDG6 (universal access to clean water and sanitation) and SDG13 (adaptation and/or mitigation to climate change). KIFFWA seeks to sponsor at least three initiatives in this Call for Proposals 2023 that, at the very least, meet the following standards:
- A resident of Kenya
- Be in the fields of drinking water, hydropower, water supply, productive uses of water (such as agriculture), wastewater treatment, water transport, sanitation, and hygiene.
demonstrate creative business concepts that are technically sound, financially sound, scalable, and have the ability to provide investors with a profit. - Be both sustainably social and environmentally
- Be driven by effect (priority areas include equitable access to clean water and sanitation, mitigation of climate change, gender equality, and youth inclusion).
to be at least EUR 1,000,000.00. - Be in the process of procuring funding for a project’s development or a company’s growth.
- When land may be needed for the initiative, the proposal should clarify who owns or has access to the land. Examples of this would be properly registered land titles or leasing agreements, as appropriate.
For more information, visit KIFFWA.
