If you're looking to create sustainable economic opportunities in your community, this program is designed just for you. It offers grassroots grants that can provide your business with valuable funding to help you launch projects focused on economic diversification, entrepreneurship, and improving living conditions. Not only will this funding support your business goals, but it will also make a positive impact on your community and help create a culture of innovation.

One of the key advantages of applying is the emphasis on empowering women entrepreneurs and supporting projects that help vulnerable groups like youth and children. By participating, you have a chance to connect your business with the community directly, fostering a sense of involvement and collaboration. Plus, since there's no specified funding limit, this could be an excellent opportunity to secure resources that can help expand your business. With a focus on long-term sustainability, you can rest assured that your efforts will create lasting change well beyond the duration of the grant.

Type of Financing
The financing provided through this program is in the form of grants. These are modest grants designed to support community-based development projects. There is no expectation of repayment, which allows you to use these funds freely for your project.

Eligible Expenses
Funds can be used for various expenses related to your project including:

• Facility construction and improvement
• Community outreach activities
• Equipment purchases
• Materials and supplies
• Labor costs associated with the project

Ineligible Expenses
Please note that funds cannot be used for:

• Personal expenses
• Debt payment
• Activities outside of the project scope

Fees
There are no application fees associated with this grant program. However, you will need to provide a community contribution of at least 10% of the total project costs, which can be cash or in-kind contributions.

• Location: The program is available in Cabo Verde, specifically through the U.S. Embassy in Praia.
• Employee Count: No minimum or maximum number of employees is required.
• Company Revenue: No minimum or maximum revenue qualifications are set.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.
• Local Community Involvement: The community must contribute at least 10% of the total project costs in cash or in-kind.
• Community Leader Support: Project proposals can include a signed statement of interest from community leaders. Multiple signatures are encouraged.

Disqualifications

• Applications received after June will be considered with the next application period or may not be considered at all.

The program offers grassroots grants to support small community development projects. This means that your business can receive funding to help create sustainable economic opportunities in your community. The money can be used for projects that focus on economic diversification, entrepreneurship, and improving living conditions.

One of the goals is to empower women entrepreneurs and support businesses that promote women-led initiatives. Projects can also help vulnerable groups like youth and children by providing access to essential services, or by creating job opportunities. The emphasis is on long-term sustainability, meaning your project should aim for benefits that last beyond the initial funding period.

To be eligible, your project needs to align with the program’s priorities and demonstrate community involvement, which can be in the form of cash or in-kind support. While the exact amount of funding is not specified, it's a chance for you to gain valuable resources to expand your business and make a positive impact locally.