SEE-Clean Cooking: Clean Cooking SME Finance Facilitator (Energise Africa)

The Clean Cooking Small and Medium-Sized Enterprises (SME) Finance Facilitator aims to mobilize finance by working with crowdfunding platforms to develop a portfolio of viable loans for SMEs in partner countries that operate in the clean cooking sector.

With little finance available for locally owned companies needing capital between EUR 25,000 and EUR 250,000, the Clean Cooking SME Finance Facilitator aims to increase the availability of capital in difficult markets, and to increase cross-sectoral learning at a portfolio level and possible scaling of best-case practices and insights.

During the pilot phase, RVO aims to work with three different crowdfunding platforms, each with a different focus and network, to maximise reach and insights. The duration of the pilot is between 18 to 24 months with a portfolio aiming eight to ten loans per crowdfunding platform.