The Bankability Fund is a financing mechanism developed by ActionINVEST Caribbean Inc. (ACI) in collaboration with the Cherie Blair Foundation for Women (CBFW) and the Inter-American Development Bank – IDB Lab. It aims to support women entrepreneurs in Guyana by providing equity finance to help them grow their businesses.
Key Features:
Equity finance provided to women-led businesses, repayable over 36 months, with the aim of ownership of less than 50% of the shares of the businesses.
Eligible entrepreneurs may be considered for debt financing, sale of their business, or repurchase of their shares after the repayment period.
Co-financing strategy between ACI, CBFW & IDB Lab.
Oversight by a Steering Committee to ensure effective operation and impact.
Objectives:
Improve the bankability of women-led businesses in Guyana.
Foster economic growth and gender equality through entrepreneurship.
Provide financial support and guidance to help women entrepreneurs succeed.
HOW IT WORKS:
Entrepreneurs apply for funding through a structured application process which is limited to their completion of the Road to Growth, Road to Finance and Road to Leadership programs offered by ACI and CBF4W.
Selected businesses receive equity finance ranging from USD $10,000 to $30,000 based on their growth potential, financial viability and willingness to incorporate.
Recipients are supported with financial guidance, training, and mentorship to help them grow their businesses.
IMPACT:
Empowering women entrepreneurs to achieve their business goals & business growth.
Fostering a supportive ecosystem for women-led businesses.
ELIGIBLITY:
To be eligible for the Bankability Fund for Women, completion of the Road to Growth training is a prerequisite.
Apply by April 5th, 2024 for the upcoming Road to Growth Training.
GET INVOLVED WITH THE BF4W NOW!
If you’re a woman entrepreneur in Guyana, learn more about the eligibility criteria and application process.
If you’re interested in supporting the Bankability Fund as a partner or donor, contact us on +592-223-5583 for more information.
