Dutch development agency Cordaid agrees a substantial follow-on investment
We are delighted to announce that Dutch development agency Cordaid has agreed a substantial follow-on investment to help scale up Equity for Africa's work. Cordaid have committed over $1 million for larger investments of $10,000-$50,000 and additional capital for smaller investments of $2,000-$5,000.
Cordaid backed our pilot phase over the last five years as we have developed and tested our innovative machinery-based investment model. This has allowed us to develop a robust track record showing that the model is economically viable, and generates exceptional social impact through job creation. We expect this commitment from Cordaid to make it possible to raise further capital so that we can build a sustainable platform to roll out our model.