Small Enterprise Assistance Funds
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Small Enterprise Assistance Funds (“SEAF”) is a not-for-profit organization headquartered in Washington D.C., USA. The Center for Entrepreneurship and Executive Development (“CEED”) is a business unit of SEAF, providing long-term enterprise support to small businesses that will implement the Daraja Impact project through its East Africa country office in Tanzania.
What is our funding objective?
Through a multi-year project, in collaboration with key local and international stakeholders, SEAF will leverage its CEED program in Tanzania to increase the number of enterprises that are ready for growth or investment. Through the Daraja Impact project, SEAF/CEED will build a strong pipeline of Tanzanian companies that can benefit from impact-linked financial products, business and management training, and other technical assistance allowing businesses to secure resources and funding for growth. The project will also engage others in the ecosystem to increase access to capital or financing for scaling enterprises. This facilitates links between entrepreneurs and potential investors, which will in turn appreciate connections to resilient, socially impactful local enterprises benefitting from the long-term support the program provides.
Why do we fund this investment?
This project is an integral part of the Entrepreneurial Ecosystem Building Component 1(b), particularly phase 2 focusing on prioritized markets, of the FMO Ventures Program (FVP) Technical Assistance Facility funded by the European Commission and Dutch government. The underlying principles of this approach are to empower existing actors to deliver more sustainable, long term market solutions while co-funding and collaborating with other partners where possible.
- Website customer/investment
- https://www.seaf.com/
- Region
- Africa
- Country
- Tanzania, United Republic of
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 1/4/2024
- Effective date
- 9/18/2023
- Total FMO financing
- EUR 0.20 MLN
- Funding
- FMO NV