The Global Alliance for Improved Nutrition (GAIN) is a foundation based in Switzerland, established in 2002 during a special session of the UN General Assembly on Children. Its central mission is to address the suffering caused by malnutrition in human populations. GAIN is actively encouraging agribusinesses led by women and youth, in addition to farmers’ associations and cooperatives, to submit applications for its Microgrant Funding Opportunity. This opportunity represents the second round of the Microgrant initiative, providing funding options to businesses specializing in nutritious food products like Vitamin A Maize, Vitamin A Cassava, and Orange-Fleshed Sweet Potato. These businesses should specifically operate in the states of Kaduna, Benue, Nasarawa, and Oyo.
In Nigeria, agribusinesses play a crucial role in the national economy, significantly contributing to employment, food security, and overall economic development. However, securing financial support has consistently been a challenge for these agribusinesses, hampering their growth and potential societal impact. One of the primary obstacles faced by Nigerian agribusinesses is the lack of funding for innovative agribusiness solutions. Furthermore, the high-interest rates imposed by banks and other financial institutions present a major barrier for agribusinesses seeking loans in Nigeria. Through its Strengthening Nutrition in Priority Staples Project, GAIN aims to provide an opportunity for over 30 nutritious food businesses in Nigeria to access micro-grant funding.
To qualify for application, the founder of the applying business or association must be at least 18 years old as of May 2023 and must be a resident of Nigeria. Applicants MUST fall into the following target categories:
- Food Processors, Farmer’s Associations, or Cooperative Societies
- Youth-led businesses and women-led businesses
Individuals interested in applying must operate businesses within one of the specified value chains: Vitamin A Cassava, Vitamin A Maize, and Orange Fleshed Sweet Potato. Additionally, they must be registered with the Corporate Affairs Commission (CAC) for a minimum of one year. For group applicants, a minimum of three years of registration with CAC is required.
The GAIN Micro-Grant Funding is designed to provide financial support to nutritious food businesses within the Vitamin A Cassava, Vitamin A Maize, and Orange Fleshed Sweet Potato value chains in Kaduna, Benue, Nasarawa, and Oyo States. The program will offer equity-free grants of N3,000,000 (Three million naira) to 33 selected businesses across the four project states.
HOW TO APPLY FOR GLOBAL ALLIANCE AGRICULTURAL GRANT
Application Deadline: November 12, 2023