The Common Fund for Commodities (CFC) is accepting applications for financing initiatives that follow a sustainability roadmap through commodities value chains. This is its 19th proposal call. CFC provides various financial and technical instruments to support initiatives submitted by SMEs, cooperatives, and institutions in its member countries across the entire commodities value chain.
Moreover, the Common Fund for Commodities (CFC) is an autonomous intergovernmental financial institution established within the framework of the United Nations. The Agreement Establishing the Common Fund for Commodities was negotiated in the United Nations Conference on Trade and Development (UNCTAD) from 1976 to 1980 and became effective in 1989. The first commodity development project was approved in 1991.
Additionally, excellent project proposals from LDCs (Least Developed Countries), LLDCs (Landlocked Developing Countries), and SIDs (Small Island Developing States) are preferred to relieve more people from poverty.
Common Fund For Communities (CFC) Goals
CFC’s purpose is to “walk back” the value chain where poverty is most embedded. As a result, it supports business operations spanning all value chain segments (including production, processing, financing, marketing, research, etc.).
Nonetheless, CFC’s goal is to make creative improvements in the value chain that will increase revenue for all participants in the value creation process, therefore improving the economic, social, and environmental well-being of the weakest members of society.
In addition, the support is primarily provided in the form of equipment loans, working capital loans, or trade finance to invest in productivity and value chain improvements. The CFC is looking for initiatives that are economically, socially, and environmentally sustainable.
Eligibility For The Common Fund For Commodities (CFC)
- Must be a member state of the CFC.
- Women entrepreneurs are especially encouraged to apply.
- Project proposals incorporating innovative solutions for the commodity sector (e.g. new agritech applications, agroforestry, agroecology themed innovative production practices, regenerative technologies, increase availability of renewable and affordable energy, expanding environmental services, expediting digital and green recovery, adding to the nutrition security, climate-friendly practices contributing to biodiversity, saving deforestation, digitalization, blockchain, and other traceability solutions, etc ) are especially encouraged to apply.
Benefits Of The Common Fund For Commodities (CFC)
The CFC finances projects through loans and other sources of financing. The maximum amount is USD 2 million (or EUR equivalent) for regular projects, while for Fast Track projects, the maximum amount is USD 120,000.
The deadline for this application is 15th October 2021.
How To Apply
To apply for this fund, click here.
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