Bank Fundraising Guarantee Grant
In context
This call is open to large companies, at scale-up and mature. Funding is concessional finance. Coverage is read from the notice itself: Africa.
This grant provides guarantees to financial institutions to secure wholesale funding for onward lending to SMEs. It targets banks and financial institutions seeking to expand their SME lending capacity through de-risked fundraising.
About this grant
The Bank Fundraising Guarantee is a product of the African Guarantee Fund (AGF), a Pan-African financial institution that promotes economic development, job creation and poverty reduction by providing guarantees and other financial products to financial institutions. According to the AGF homepage, the product is a guarantee that facilitates a financial institution's acquisition of funds for onward lending to small and medium-sized enterprises (SMEs). The homepage summary is truncated, so the full mechanics, terms and pricing are not available from this page. AGF's wider risk-sharing offer to Partner Financial Institutions (PFIs) includes Loan Portfolio Guarantees, Loan Individual Guarantees, Equity Guarantees and Capacity Development Assistance. These aim to increase PFI lending to SMEs across all sectors that drive economic growth. AGF also runs a Green Guarantee Facility for SMEs investing in or adopting green technologies that reduce the effects of climate change, and a Mission 300 Local Currency Guarantee Facility for energy access, as described in its news items. The homepage reports that AGF has mobilised USD 7.4 billion in financing, issued USD 2.75 billion in guarantees, and works with 256 PFIs in 44 countries, supporting 55,800 SMEs and creating 685,700 jobs. It states an AA rating from Fitch and says its guarantees deliver regulatory capital relief under Basel frameworks.
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Eligibility
The page indicates that AGF's risk-sharing products are offered to financial institutions (described as Partner Financial Institutions) that want to increase lending to SMEs. The Bank Fundraising Guarantee therefore appears to be directed at financial institutions rather than SMEs directly. The page does not state specific eligibility conditions, minimum or maximum criteria, or prior-recipient rules for this product. Details would need to be confirmed on the product page or with AGF.
Key requirements
- ✓Applicant must be a financial institution (bank or regulated lender)
- ✓Institution must demonstrate intent to use guaranteed funds for SME lending
- ✓Wholesale funding acquisition must be for onward lending to SMEs
Frequently asked questions
- Who can apply for Bank Fundraising Guarantee?
- Eligibility covers organisations in AFRICA; large-company. See the eligibility criteria above for the full conditions.
Relevant sectors
About this sector
Climate fintech funding backs financial products and infrastructure that move capital to climate solutions, from green lending platforms to risk and disclosure tools. Support comes from innovation programmes, development finance and investors. Applicants are usually asked about regulatory approval, data sources and how the product reaches its users.
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