Project profile — SME Growth, Employment Creation and Market Linkages Through Trade Finance


Mennonite Economic DevelopmentAssociates of Canada (CA-CRA_ACR-0010011098)
2017-03-27 - 2023-12-31
Global Affairs Canada
KFM Intl Dev Partnerships & Operations

Country / region 

• Africa, regional (34.00%)
• America, regional (33.00%)
• Asia, regional (33.00%)


• Banking And Financial Services: Formal sector financial intermediaries (24030) (20.00%)
• Business And Other Services: Business support services and institutions (25010) (20.00%)
• Industry: Small and medium-sized enterprises (SME) development (32130) (60.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (principal objective)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)


The project aims to help stimulate sustainable economic growth and reduce poverty by providing trade finance and technical assistance to micro - small- and medium-sized enterprises (MSMEs) in developing countries. Trade finance is short-term financing with the purpose of enabling MSMEs to trade, both domestically and across borders. This project supports the launch of a trade finance investment fund that aims to leverage at least $45 million in private sector investment, which is designed to be lent to MSMEs, enabling them to overcome financial barriers to growth. Project activities include: (1) providing technical assistance to select trade finance funds and firms, as well as to recipient MSMEs in order to improve supply chain development, trade finance products, and environmental, social and governance standards, benefitting both women and men; (2) developing a system to measure the impact, by gender, on SMEs, small-scale suppliers and households to ensure that positive impacts, as a result of investments in the SME sector, are being felt at the individual level. This project is implemented in collaboration between the Mennonite Economic Development Associates, Sarona Asset Management and the University of Waterloo's School for Environment, Enterprise and Development.

Expected results 

The expected outcomes for this project include: (1) better financed SMEs provide jobs to women and men and offer market linkages to smallholder farmers (women and men); (2) SME trade finance firms support SMEs in environmental, social (especially gender) and governance areas; (3) and increased use of an enhanced impact measurement system specific to trade finance.

Results achieved 


Budget and spending 

Original budget $0
Planned disbursement $0
Transaction Date Type Value
30-10-2023 Disbursement $9,808
30-10-2023 Disbursement $27,944
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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