FUNDINGUpdated 1 months ago

AfDB AFAWA Affirmative Finance Action for Women in Africa

AfDB AFAWA initiative including ZAR 1.5bn (USD 88M) credit line to Development Bank of Namibia. ZAR 400M ring-fenced for 100% women-owned enterprises. Loans NAD 150K to NAD 10M at prime, 12-month grace.

English, French, Portuguese or Arabic, machine translated, with the original kept beside it.
Key Information
Organisation
African Development Bank (AfDB)
Location
Pan-Africa
Status
Open
Application Deadline
Rolling
Type
Line of Credit
Amount
USD 8,000 to 550,000
Size
medium
Language
English
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Description

The Affirmative Finance Action for Women in Africa (AFAWA) is the AfDB flagship initiative to close the gender finance gap. The recent ZAR 1.5 billion (USD 88 million) credit line to the Development Bank of Namibia is one example, with ZAR 400 million ring-fenced specifically for 100% women-owned businesses. Individual loans range from NAD 150,000 to NAD 10 million at prime rate with a 12-month grace period. AFAWA has unlocked approximately USD 1 billion in financing to over 14,000 women-owned businesses across Africa via partnerships with the African Guarantee Fund and dozens of partner banks.

Focus Sectors

Women-Led Businesses, SME, Sector Agnostic