The USAID-ANDE GEDI Fund aims to develop a coordinated set of expanded business support services for entrepreneurs to help them grow to access capital and markets in Guatemala.
The Guatemala Entrepreneurship Development Initiative seeks to foster a stronger entrepreneurial ecosystem to bring economic prosperity to regions and communities heavily affected by migration. It will be achieved by developing a coordinated set of expanded business support services available to entrepreneurs, particularly to businesses run by, employing, or serving the needs of women, indigenous and rural communities, and youth.
GEDI will enable these ventures to grow, increase their revenue and employment, and develop new goods and services that meet the needs of these communities by supporting these ventures via business advisory services, incubation or acceleration programs, and access to finance and markets. Increased prosperity and diversified financial opportunity will, over time, lessen the economic impetus to migrate and keep people invested in their local communities.
Through GEDI, USAID and ANDE will fund Entrepreneurial Support Organizations (ESOs) to develop or expand large-scale ecosystem-strengthening initiatives that help SGBs to access capital and markets in areas of high migration.
ANDE is particularly interested in solutions that support entrepreneurs who are directly tackling climate change mitigation and adaptation challenges for their communities. This initiative will give preference to interventions that support businesses run by, employing, or serving the needs of women and indigenous people, rural communities, or youth.
Grant sizes will range from USD $250,000 to $2,000,000 over two years to help SGBs access capital and markets.
Concept note call launch: November 17, 2021
Webinar for Questions: November 30, 2021 (Register)
Concept note application open: November 17 – December 15, 2021
Shortlisted applicants invited to submit a full proposal: January 14, 2022
Deadline for shortlist to submit a full proposal: February 4, 2022
Awards announced: March 2022
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