The Kakuma Kalobeyei Challenge Fund (KKCF) is a program of the International Finance Corporation (IFC), implemented with Africa Enterprise Challenge Fund, Turkana County Government, and UNHCR. The five-year program is designed to support private sector investment and unlock the economic potential of refugees and their hosts, in Kenya’s Turkana County.
The fund is structured with three separate but operationally linked facilities, each with a specific sub-sector focus and role across the project lifecycle. Furthermore, the consortium adopts a ‘landscape’ strategy for deal origination and execution. This strategy allows consortium parties to actively source and develop private sector investment opportunities for other consortium parties in-and-around, in the vicinity of, as well as downstream from, their own investment activities.
The KKCF social enterprise window closes by 11:59 pm EAT on 31st January 2022.
Social enterprises currently present in the areas or those willing to enter the market are invited to apply for performance-based grants, ranging from US $100,000 to a maximum of US $750,000, which will also require co-financing from the enterprises.
Funding must be used for a specific project in Kakuma and Kalobeyei areas (Kenya), e.g. entry to the market or scaling up an existing project.
The Kakuma Kalobeyei Challenge Fund aims to enable better economic integration and self-reliance of displaced populations and their host community.
The initiative’s overarching objectives are to:
- Attract new private businesses and social enterprises to the Kakuma-Kalobeyei area, which should lead to better employment opportunities for refugees and the host community, increase access to goods and services, and potentially reduce prices;
- Provide opportunities to scale-up the operations of private companies and social enterprises already present in the area;
- Develop and grow refugee and host community-owned businesses and create opportunities for women and youth;
- Reduce the time and cost of obtaining specific business permits, licenses, and registrations in Turkana West by streamlining procedures.
KKCF Social Enterprise Window (SEW) targets social enterprises currently present in Kakuma and those willing to set up businesses in Kakuma and Kalobeyei areas.
Social enterprises can ease pressure on the overstretched humanitarian system and compliment people’s willingness to pay for education, for example, by engaging Kenyan and regional low-cost private school providers. We will also target enterprise models which increase access to water and sanitation and quality medical and reproductive health solutions for refugees and host communities. We will address gender gaps by supporting social enterprises that can set up local manufacturing and distribution of sanitary towels and help increase their access and use particularly for teenage girls.
The SEW window will accept applications from any sector and women and youth-owned/led enterprises are highly encouraged to apply.
Why work with Scaling International?
Scaling International helps companies to access impact finance: grants intended to create positive impact beyond financial return. We have knowledge of grant options that may apply to you. Please note that Scaling International is not affiliated with any of the above organisations. Contact us (email@example.com) for a free assessment to find out whether your idea may qualify for financing and how we can be of your service.