Brussels Presentation AECF at age One The AECF What it is 1 st Year Performance AECF Portfolio at June 2009 Impact Forecast AECF what it is Aim propoor growth by making rural market systems work for poor ID: 782059
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Slide1
12 months of nurturing great business ideas
Brussels Presentation
Slide2AECF at age ‘One’
The AECF – What it is1st Year Performance
AECF Portfolio at June 2009Impact Forecast
Slide3AECF – what it is
Aim: pro-poor growth by making rural market systems work for poor.Challenge Fund: competitions for new business ideas that have large development impact – best bids win
Eligibility criteria: Private sector, matching funds, agribusiness and financial services, in Africa
Slide4AECF – what it is
Selection criteria: Capacity, innovation, additionality, commercial viability, development impact and potential for systemic impact on market systemsInvestment size: US$250,000 to US$1.5m
Products: Grants and interest free loans
Slide5AECF Performance
AWARDED GRANTS
FIRST YEAR PERFORMANCE
REGISTERED COMPANIES
CONCEPT NOTES SUBMITTED
SHORTLISTED FOR IC
BUSINESS PLANS
3 Rounds completed
5 June 2008 to 12 June 2009
Slide6AECF Portfolio US$
Agribusiness
Rural
Finance
Totals
Grants Approved
9,851,054
2,728,435
12,579,489
Loans Approved
6,933,227
1,750,000
8,683,227
Total
AECF Funds Committed
16,784,281
4,478,435
21,262,716
Matching Funds
18,038,025
10,978,435
29,016,460
Leverage
1.07
2.45
1.36
Slide7Portfolio Impact Forecast
Agribusiness
Rural Finance
Total
Number of Projects
Approved for funding
19
4
23
Jobs
to be created by the businesses by end of Yr 3
7,067
462,094
469,161
No. of people with improved livelihoods by end of Yr 3
820,623
3,671,371
4,491,994
Total
827,690
4,133,465
4,961,155
Slide8SIERRA LEONE
Slide9The road ahead
Specialization into windows:Zimbabwe window (Additionality, risks)Research into Business window (innovation)CAADP Pillar II window (systemic change)
Value Chains/corridors; bigger “Anchor Firms” and SME’s and outgrowers.
Slide10AECF contact information
Visit our website: www.aecfafrica.orgContact us by email:
info@aecfafrica.org