HEVA fund calls for proposals.
Since 2013, HEVA has been investing in the social and economic potential of the creative sector in the East African region. The organization has this month opened applications to the East Africa Creative Business Fund. The East Africa Creative Business Fund is a patient loan facility that will be made available to successful applicants through debt investments of between $20,000 and $50,000. Imagine what this amount of money can do for your business!
Enterprises under fashion; crafts and handmade items; furnishings and decorative home; cultural tourism; creative and cultural education; cultural food and cuisine; cultural infrastructure (spaces, equipment, platforms etc); events; digital media; film and television; photography, and music production and distribution will be eligible to apply.
This funding facility will be available to creative businesses in Kenya, Tanzania, Ethiopia, Uganda and Rwanda. They aim to help businesses to: restructure interrupted supply chains; increase production capacity; diversify offerings; increase market share; increase integration in local and regional value chains; support transition to low-touch and digital capabilities; and take advantage of new opportunities. “We are confident that this approach will help creative businesses to reopen, weather the shocks and find new growth possibilities and strategies”, said Wakiuru Njuguna, Partner and Investment Manager at HEVA.
If you’re a creative whose business runs in the East African region, you should definitely apply.