ABOUT THE FUND

About the Fund

 —The $3.6 million Somaliland Business Fund (SBF) offers grants to the Somaliland private sector ranging from $5,000 to $150,000 for projects involving business development services and/or fixed assets. —Grants below $50,000 are considered small and processed in 2 months (following outreach phase) whereas large grants will be processed in 4-5 months. —Small grants are ‘matching’ i.e. 50:50 co-financing whereas the applicant contribution is reduced to 33% for 1st time applications. —Grants for large projects will be up to 50% i.e. determined on the basis of risks and returns - in this way we can get a higher leverage on the overall grant funds.

   

 

Note

During this outreach period, there will be multiple training sessions offered by the SBF throughout Somaliland to explain how our application and selection process works. The communities will include Hargeisa, Borama, Burao, Berbera, Las Anod, Erigavo, Gabiley and Wajale. Please see this website for posted dates/place/times, or call our office.