The Venture Capital Trust Fund (VCTF), a Ghanaian financing institution, has unveiled plans to offer financial support to small holder maize farmers in the country.
The initiative is expected to support smallholder farmers and livestock keepers. The VCTF will spend one million US dollars on financing yellow maize production, which will be processed into animal feeds.
This is part of the initiative by VCTF to support the growth of Small and Medium Enterprises (SMEs) in Ghana. The VCTF was established in 2006 by the Government to help SMEs access low cost financing.
Since inception the VCTF in partnership with the private sector has established five venture capital funds and invested 17 million dollars to support SMEs.
The five venture capital funds are Activity Venture Finance Company, Gold Venture Capital Limited, Bedrock Venture Capital Finance Company, Ebankese Venture Fund and Fidelity Equity Fund II Limited.
The five venture capital funds provide financing to SMEs that are economically viable. No collateral is required. To be eligible for financing entrepreneurs need to present a business that is in operation together with audited financials, a business plan and tax clearance certificates.
To contact any of the five venture capital funds click here
Other than easing access to finance, the VCTF also links SMEs with stakeholders in various sectors such agriculture and trade. It conducts training sessions and countrywide road shows to educate entrepreneurs, as well as creates a platform for networking.
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Africa Report Team
March 2, 2011
Hi Isaac,
You can look for resources in our Directory and by placing a Marketplace advert on our website. You need to contact any resources directly, with a business plan and find out what their requirements are.
Here are instructions on How to make a Marketplace listing.
Africa Report Team