Project profile — Supporting Investment in Least Developed Countries – BUILD Fund


BUILD Fund S.A., SICAV-RAIF (61004)
2022-03-29 - 2037-03-31
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Rwanda (0.50%)
• Kyrgyz Republic (5.00%)
• South of Sahara, regional (79.00%)
• Asia, regional (15.50%)


• Industry: Small and medium-sized enterprises (SME) development (32130) (100.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (not targeted)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (significant objective)
• 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)


This project aims to support progress towards the Sustainable Development Goals in Least Developed Countries (LDCs) and other Official Development Assistance (ODA) eligible countries globally. The BUILD Fund is a blended finance vehicle designed to provide financing to small- and medium-sized enterprises (SMEs) with strong development impact potential. BUILD is a partnership between Bamboo Capital Partners and the United Nations Capital Development Fund. The project uses a repayable contribution to the BUILD Fund to mobilize additional public and private investment in support of its expected outcomes, and to help demonstrate the viability of investing in LDCs. Project activities include providing financing to SMEs active in the sectors of food security and nutrition, financial inclusion, renewable energy and small scale infrastructure. Gender equality is a crosscutting theme of the BUILD Fund, with preference given to investments that support women’s economic empowerment. The Fund supports entrepreneurs, business owners (including women business owners), suppliers, consumers and users in target countries through improved access to quality goods and services.

Expected results 

The expected outcomes for this project include: (1) increased flow of finance for sustainable development goal-aligned SMEs, including women-owned SMEs, allowing for investments that would not have otherwise occurred; (2) the creation of sustainable jobs for women and men, and the realization of positive economic effects for suppliers, consumers, users, both women and men; and (3) improved viability and demonstration effect of investment in BUILD markets.

Results achieved 


Budget and spending 

Original budget $5,850,000
Planned disbursement $5,850,000
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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