GAIN Microgrant Funding is a golden opportunity for women and youth-led ventures, farmers’ associations, and cooperatives! The Global Alliance for Improved Nutrition (GAIN), a Swiss-based foundation established in 2002, has set its sights on supporting these entrepreneurs with their Microgrant Funding Opportunity of up to N3 million.
The GAIN Microgrant Funding is available for nutritious food businesses, particularly those involved in producing Vitamin A Maize, Vitamin A Cassava, and Orange-Fleshed Sweet Potato. These enterprises can find solace and support in Kaduna, Benue, Nasarawa, and Oyo states, all thanks to GAIN’s benevolence.
About Global Alliance for Improved Nutrition (GAIN)
GAIN is a non-profit foundation headquartered in Geneva, Switzerland, it was conceived during the UN’s 2002 Special Session of the General Assembly on Children. Their overarching goal is to enhance the consumption of nutritious and safe foods for all, an aspiration that has garnered support from over 30 donors and close collaboration with international organizations and United Nations agencies.
GAIN’s tireless efforts span two decades of food system programs, with a particular focus on adolescent and child nutrition. Their commitment to improving global nutrition makes them a beacon of hope for those who struggle with malnutrition’s dire consequences.
Agribusinesses in Nigeria
Agribusinesses, the backbone of Nigeria’s economy, play a pivotal role in various facets of the nation’s growth. They are instrumental in employment generation, ensuring food security, and contributing to overall economic development.
However, a recurring challenge that has plagued these agribusinesses is access to adequate financing. This obstacle has limited their growth potential and hindered their ability to make a more significant impact. One of the primary hurdles faced by agribusinesses in Nigeria is securing funding for innovative solutions.
The high interest rates offered by banks and other financial institutions have further exacerbated the financial woes of these ventures as they seek loans to expand their operations. Recognizing this dire need, GAIN has stepped forward through its Strengthening Nutrition in Priority Staples Project to provide a lifeline for over 30 nutritious food businesses in Nigeria.
Benefits of GAIN Microgrant Funding
The microgrant program is set to provide equity-free grants of N3,000,000 (Three million naira) to 33 carefully selected businesses across the four project states.
This substantial financial support will undoubtedly serve as a catalyst for growth, helping these businesses make a more significant impact on their communities and the nation as a whole.
Eligibility Criteria for GAIN Microgrant Funding
To be eligible to apply for GAIN’s Microgrant Funding, there are specific requirements that individuals and associations must meet:
- The founder of the business or association applying must be 18 years of age or older as of May 2023 and must be a resident of Nigeria.
- Applicants MUST operate within the following target groups: Food Processors, Farmer’s Associations, or Cooperative Societies.
- Youth-led businesses and women-led businesses are encouraged to apply.
- Interested applicants must operate businesses within one of the following value chains: Vitamin A Cassava, Vitamin A Maize, and Orange Fleshed Sweet Potato.
- Individual applicants must be registered with the Corporate Affairs Commission (CAC) for a minimum of one year, while group applicants must have a minimum of three years of registration.
How to Apply
To apply for GAIN Microgrant Funding for Nutritious Agribusinesses In 2023, kindly Visit the official GAIN website at https://bit.ly/Apply4GAINMicrograntApply4GAINMicrogrant
November 12, 2023.
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